198 Grand Street New York, Manhattan, NY 10013

Building Details

Year Built

2006

Listing agent Lin Lin Kuriyama ([email protected])

Listing office Lin Pan Realty Group LLC

Listing date Jun 16, 2026

Source Ridgevalleyre

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

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Overview

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.

Suggested Use

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

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Manhattan

County

New York

State

New York

Longitude

-73.996688

Latitude

40.719355

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FAQs

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.