147 E Houston St New York, NY 10002

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.