NNN Retail
For Sale
$6,588,000
150 Nassau Street New York, Manhattan, NY 10038
A restaurant tenant occupies the space under a long-term NNN lease with renewal options.
Property Size5,026 SF
Price / SF$1,310
Days on Market121
Property Features for 150 Nassau Street New York
General Information
Standard status
Active
Size
5,026 SF
Property subtype
Commercial
Zoning
C6-4
Net Operating Income
$338,550
Financials
Cap Rate
5.14%
Gross Income
$338,550
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Additional Details
Sprinkler System
Yes
Taxes and HOA fees
Annual Taxes
$80,830
Amenities
Signage
20' Ceilings
3 Phase Power
LED Lighting
CAC
Building Details
Building Size
5,026 SF
Year Built
1900
Tenancy
Single
Listing Agency:
All Island Estates Realty Corp
(516) 783-5600
Listed By:
Richard Matt Shane · License #1020151
(516) 279-8828
Source:
Croninreale
Added: Jun 26
Changed: Oct 23
Last Checked: Oct 23 at 4:19PM
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
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Investment Insights
Based on property information with market context.
This 5,026-square-foot retail condominium at 150 Nassau Street is occupied by Brooklyn Chop House, a restaurant tenant. The space features 20-foot ceilings, sprinklers, three-phase power, newly installed LED lighting, and CAC. The building dates to 1900, and the property is zoned C6-4, identified in the remarks as equivalent to R10 zoning.
The property is in Manhattan’s Financial District, just off the Brooklyn Bridge and next to Pace University and New York Presbyterian Hospital. Nearby businesses and institutions include the New York Stock Exchange, Starbucks, Chase Bank, Citibank, Tiffany & Co., Marriott Hotels, Whole Foods, Target, CVS, and others.
The tenant’s NNN lease expires March 6, 2030, with three five-year options. Lease escalations are 15% every four years.
The property is in Manhattan’s Financial District, just off the Brooklyn Bridge and next to Pace University and New York Presbyterian Hospital. Nearby businesses and institutions include the New York Stock Exchange, Starbucks, Chase Bank, Citibank, Tiffany & Co., Marriott Hotels, Whole Foods, Target, CVS, and others.
The tenant’s NNN lease expires March 6, 2030, with three five-year options. Lease escalations are 15% every four years.
Key Highlights
- 5,026 SF retail condominium occupied by Brooklyn Chop House
- NNN lease expires 3/6/30, with (3) 5‑year options
- Lease increases 15% every 4 years
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
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
Frequently Asked Questions
What type of property is this?
NNN property - A restaurant tenant occupies the space under a long-term NNN lease with renewal options.
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: 5,026 SF retail condominium occupied by Brooklyn Chop House; NNN lease expires 3/6/30, with (3) 5‑year options; Lease increases 15% every 4 years
