147 E Houston St, New York, NY

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Listing office Premier Equities b***@nmrk.com Show Phone

Listing date Nov 10, 2025

Source Moodyscre

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Overview

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.

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

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

-73.9896

Latitude

40.723

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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.**