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147 E Houston St New York, NY 10002

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For Sale
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Fully occupied retail condo with long-term tenants in Lower East Side.

Property size:
4,875 SF
Lot size:
0.09 Acres

Property Features for 147 E Houston St

General Information

Size
4,875 SF
Lot size
0.09 Acres

Source: Newmark - Corporate Agent Brian Segall

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Retail Condo in Prime Location

The retail condominium at 147 East Houston Street features 4,875 total square feet. The property is located in the Lower East Side at the corner of East Houston and Eldridge Streets, with 125 feet of wraparound frontage. The space includes 3,375 square feet on grade and 1,500 square feet of usable below-grade basement space. The property is 100% occupied by three commercial tenants. Bank of America anchors the property with approximately 8.5 years of lease term remaining and two additional 5-year renewal options. The other two tenants, Pizza Loves Sauce and Rumpus Room, each have long-term leases in place, bringing the property’s total WALT to over 14 years remaining. All three tenants reimburse tax increases over their respective base year stop amounts, and tenants pay operating expenses directly. The asset benefits from heavy foot traffic generated from nearby neighborhood staples such as Essex Crossing, Sara D Roosevelt Park, Katz’s Deli, and Mr. Purple. The property is located directly next to the 2nd Avenue F train station as well as numerous bus stops.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Bank of America ATM Atm Pizza Loves Sauce Pizza Restaurant

Suggested Use

Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
New York
County
New York
State
New York
Longitude
-73.9896504
Latitude
40.7230417

FAQs

What type of property is this?
Bank - Fully occupied retail condo with long-term tenants in Lower East Side.
Where is this bank located?
The property is located at 147 E Houston St New York, NY.
What are key features of this property?
This property features: - Prime Lower East Side location at the corner of East Houston and Eldridge Streets with **125' of wraparound frontage.**; - 100% occupied retail condominium with a Weighted Average Lease Term (WALT) of over 14 years.; - **Anchored by Bank of America with ~8.5 years of lease term remaining and two 5-year renewal options.**
More about this property
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