Mixed-Use Building with
For Lease
Contact for pricing
198 Grand Street New York, Manhattan, NY 10013
Mixed-use property with elevator access and rooftop garden, combining retail income and rent-stabilized residential units.
Space SizeContact for details
Days on Market57
Property Features for 198 Grand Street New York
General Information
Standard status
Active
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$352,661
Building Details
Year Built
2006
Listing Agency:
Lin Pan Realty Group LLC
Listed By:
Lin Lin Kuriyama ([email protected])
Source:
Ridgevalleyre
Added: Jun 16
Changed: Aug 8
Last Checked: Aug 10 at 6:00AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lin Pan Realty Group LLC
Investment Insights
Based on property information with market context.
The building offers a mixed-use configuration with elevator access serving the property, along with a rooftop garden and multiple outdoor spaces. Public remarks indicate approximate total building size of 12,373 square feet. Retail income is reported at approximately $28,000 per month. Residential units include rent-stabilized tenants, with four vacant units currently not generating income.
Located in the heart of Chinatown, the property combines street-level retail with residential income. Residential units are subject to rent stabilization regulations, including restrictions extending through 03/15/2029.
For tenants, this mix supports day-to-day operating continuity between commercial and residential components under rent stabilization parameters. For buyers and operators, the presence of four vacant units creates an immediate leasing target within the constraints of the existing rent stabilization rules through 03/15/2029. Interested parties should verify all details independently, as information is provided as reliable but not guaranteed.
Located in the heart of Chinatown, the property combines street-level retail with residential income. Residential units are subject to rent stabilization regulations, including restrictions extending through 03/15/2029.
For tenants, this mix supports day-to-day operating continuity between commercial and residential components under rent stabilization parameters. For buyers and operators, the presence of four vacant units creates an immediate leasing target within the constraints of the existing rent stabilization rules through 03/15/2029. Interested parties should verify all details independently, as information is provided as reliable but not guaranteed.
Key Highlights
- Mixed‑use building built in 2006 with approx. 12,373 SF, elevator access, and multiple outdoor spaces.
- Rooftop garden plus additional outdoor spaces for tenants and/or visitors.
- Retail income is approx. $28,000/month.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
33,012
Businesses Nearby
Explore this area
Business Placement
Demographics for 10013, NY
31,042
Population
15,933
Households
1.9
Avg Household Size
36
Median Age
72%
College-Educated
89%
High-School Grad
0.5 sq mi
ZIP Area
62,084
Density / Sq Mi
$159,474
Median Household Income
$92,765
Median Earnings
$2,378
Median Rent
$2,000,001
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property with elevator access and rooftop garden, combining retail income and rent-stabilized residential units.
Where is this mixed-use property located?
The property is located at 198 Grand Street New York Manhattan, NY.
What is the lease rate?
The lease rate is $7,990,000.
What are key features of this property?
This property features: Mixed‑use building built in 2006 with approx. 12,373 SF, elevator access, and multiple outdoor spaces.; Rooftop garden plus additional outdoor spaces for tenants and/or visitors.; Retail income is approx. $28,000/month.
