Retail Condo with Long-Term Restaurant
For Sale
Contact for pricing
150 Nassau Street New York, Manhattan, NY 10038
NNN retail condo leased to a long-term restaurant with high ceilings, sprinklers, 3-phase power, CAC, and updated LED lighting.
Property SizeContact for details
Days on Market47
Property Features for 150 Nassau Street New York
General Information
Standard status
Active
Property subtype
Commercial
Zoning
C6-4
Warehouse & Industrial
Clear Height
20 ft
Heavy Power
Yes
Sprinkler System
Yes
Additional Details
Cap Rate
5.14%
Taxes and HOA fees
Annual Taxes
$80,830
Amenities
Excellent Signage
Great Exposure
All New LED Lighting
CAC
Building Details
Year Built
1900
Listing Agency:
All Island Estates Realty Corp
Listed By:
Richard Matt Shane (matthewshane8828@gmail.com)
Source:
Ridgevalleyre
Added: Jul 6
Changed: Aug 17
Last Checked: Aug 21 at 7:57AM
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
Current Use
Lease Details
20 ft
Clear height
Yes
Heavy power
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
41,723
Businesses Nearby
9k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 70%
Hotels & Casinos 30%
Playa Bowls
Dining
5,312 visits/mo
0.3 miles
33 Seaport Hotel New York
Hotels & Casinos
2,769 visits/mo
0.4 miles
Domino's Pizza
Dining
1,000 visits/mo
0.5 miles
Demographics for 10038, NY
25,332
Population
12,624
Households
2
Avg Household Size
33
Median Age
62%
College-Educated
83%
High-School Grad
0.3 sq mi
ZIP Area
84,440
Density / Sq Mi
$115,121
Median Household Income
$87,698
Median Earnings
$3,140
Median Rent
$865,700
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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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
