Retail Condo with Long-Term Restaurant
150 Nassau Street New York Manhattan, NY 10038
For Sale
Contact for pricing
NNN retail condo leased to a long-term restaurant with high ceilings, sprinklers, 3-phase power, CAC, and updated LED lighting.
Days on Market24
Property Features for 150 Nassau Street New York
General Information
Standard status
Active
Property subtype
Commercial
Building Details
Year Built
1900
Listing Agency:
All Island Estates Realty Corp
Listed By:
Richard Matt Shane ([email protected])
Source:
Ridgevalleyre
Added: Jul 6
Changed: Jul 21
Last Checked: Jul 28 at 10:51AM
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 All Island Estates Realty Corp
Investment Insights
Based on property information with market context.
This for-sale retail condo is operated by a long-term restaurant tenant under an NNN structure. Reported features include high 20’ ceilings, sprinklers, 3-phase power, all-new LED lighting, and CAC. The offering is described with C6-4 (R10 Equivalent) zoning and includes a lease with an expiration date of 3/6/30 and (3) 5-year options.
The property is located in Manhattan just off the Brooklyn Bridge, next to Pace University and New York Presbyterian Hospital. The tenant is identified as Brooklyn Chop House, with reported income of $338,550 NNN annually and a stated 15% increase every 4 years, for a reported net operating income of $338,550 annually (5.14% cap). The remarks indicate $0 operating expenses under the NNN lease for oil, electric, water, maintenance and repairs, insurance, and taxes.
Neighboring businesses listed in the remarks include financial and retail operators such as the New York Stock Exchange, Starbucks, and major retailers, along with multiple hotels and other local brands.
The property is located in Manhattan just off the Brooklyn Bridge, next to Pace University and New York Presbyterian Hospital. The tenant is identified as Brooklyn Chop House, with reported income of $338,550 NNN annually and a stated 15% increase every 4 years, for a reported net operating income of $338,550 annually (5.14% cap). The remarks indicate $0 operating expenses under the NNN lease for oil, electric, water, maintenance and repairs, insurance, and taxes.
Neighboring businesses listed in the remarks include financial and retail operators such as the New York Stock Exchange, Starbucks, and major retailers, along with multiple hotels and other local brands.
Key Highlights
- 5,000+ SF retail condo in the financial district with a long‑term restaurant tenant
- NNN lease structure with disclosed annual income of $338,550 and NOI of $338,550
- 5.14% cap rate reported in the listing
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
NNN property - NNN retail condo leased to a long-term restaurant with high ceilings, sprinklers, 3-phase power, CAC, and updated LED lighting.
Where is this nnn property located?
The property is located at 150 Nassau Street New York Manhattan, NY.
What is the asking price?
The asking price for this property is $6,588,000.
What are key features of this property?
This property features: 5,000+ SF retail condo in the financial district with a long‑term restaurant tenant; NNN lease structure with disclosed annual income of $338,550 and NOI of $338,550; 5.14% cap rate reported in the listing
