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150 Nassau St
New York, NY 10038
Park Place Tower · Retail Property For Sale


Investment Highlights
- Calling All Investors, Developers & End-Users!!! 5,000+ Sqft.Corner Retail Condo With NNN Long Term Restaurant Tenant In The Financial District!!!
- The Property Is Located In The Heart Of Manhattan Just Off The Brooklyn Bridge, Next To Pace University & New York Presbyterian Hospital!!!
- Neighbors Include New York Stock Exchange, Starbucks, Chase Bank, Citibank, Tiffany & Co., Marriott Hotels, PINK Victoria’s Secret, USPS, +++!!!
- The Property Features Long Term Lease, C6-4 (R10 Equivalent) Zoning, Excellent Signage, Great Exposure, High 20’ Ceilings, Sprinklers, +++!!!
- This Property Is Home To A Very Successful Restaurant Tenant With Multiple Locations That Has Been Rated Best Steakhouse In Manhattan!!!
- This Property Offers HUGE Upside Potential!!!
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment or Owner User | Cap Rate | 5.14% |
| Sale Type | Investment or Owner User |
| Cap Rate | 5.14% |
Sale Notes
Calling All Investors, Developers & End-Users!!! 5,000+ Sqft. Corner Retail Condo With NNN Long Term Restaurant Tenant In The Financial District For Sale!!! The Property Features Long Term Lease, C6-4 (R10 Equivalent) Zoning, Excellent Signage, Great Exposure, High 20’ Ceilings, Sprinklers, 3 Phase Power, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of Manhattan Just Off The Brooklyn Bridge, Next To Pace University & New York Presbyterian Hospital!!! This Property Is Home To A Very Successful Restaurant Tenant With Multiple Locations That Has Been Rated Best Steakhouse In Manhattan!!! Neighbors Include New York Stock Exchange, Starbucks, Chase Bank, Citibank, Tiffany & Co., Marriott Hotels, PINK Victoria’s Secret, USPS, WholeFoods, Target, T.J. Maxx, Marshalls, Popeye’s Louisiana Kitchen, Five Guys, Auntie Anne’s, CVS, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!!
Income:
Brooklyn Chop House: $338,550 NNN Ann.; 15% Increase Every 4 Years; Lease Exp.: 3/6/30; (3) 5 Year Options.
Gross Income: $338,550 Ann.
Expenses:
Oil: $0 (NNN Lease)
Electric: $0 (NNN Lease)
Water: $0 (NNN Lease)
Maintenance & Repairs: $0 (NNN Lease)
Insurance: $0 (NNN Lease)
Taxes: $0 (NNN Lease)
Total Expenses: $0 (NNN Lease)
Net Operating Income (NOI): $338,550 Ann. (5.14% Cap!!!)
Income:
Brooklyn Chop House: $338,550 NNN Ann.; 15% Increase Every 4 Years; Lease Exp.: 3/6/30; (3) 5 Year Options.
Gross Income: $338,550 Ann.
Expenses:
Oil: $0 (NNN Lease)
Electric: $0 (NNN Lease)
Water: $0 (NNN Lease)
Maintenance & Repairs: $0 (NNN Lease)
Insurance: $0 (NNN Lease)
Taxes: $0 (NNN Lease)
Total Expenses: $0 (NNN Lease)
Net Operating Income (NOI): $338,550 Ann. (5.14% Cap!!!)
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit Retail | 5,026 SF | Retail | Upon Request | $480,446.45 CAD |
Unit Retail
| Unit Size |
| 5,026 SF |
| Condo Use |
| Retail |
| Price |
| Upon Request |
| NOI |
| $480,446.45 CAD |
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Unit Retail
| Unit Size | 5,026 SF |
| Condo Use | Retail |
| Price | Upon Request |
| NOI | $480,446.45 CAD |
| Sale Type | Investment or Owner User |
| Cap Rate | 5.14% |
| Sale Notes | |
| Calling All Investors, Developers & End-Users!!! 5,000+ Sqft. Corner Retail Condo With NNN Long Term Restaurant Tenant In The Financial District For Sale!!! The Property Features Long Term Lease, C6-4 (R10 Equivalent) Zoning, Excellent Signage, Great Exposure, High 20’ Ceilings, Sprinklers, 3 Phase Power, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of Manhattan Just Off The Brooklyn Bridge, Next To Pace University & New York Presbyterian Hospital!!! This Property Is Home To A Very Successful Restaurant Tenant With Multiple Locations That Has Been Rated Best Steakhouse In Manhattan!!! Neighbors Include New York Stock Exchange, Starbucks, Chase Bank, Citibank, Tiffany & Co., Marriott Hotels, PINK Victoria’s Secret, USPS, WholeFoods, Target, T.J. Maxx, Marshalls, Popeye’s Louisiana Kitchen, Five Guys, Auntie Anne’s, CVS, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!!<br> <br> Income:<br> <br> Brooklyn Chop House: $338,550 NNN Ann.; 15% Increase Every 4 Years; Lease Exp.: 3/6/30; (3) 5 Year Options. <br> <br> Gross Income: $338,550 Ann. <br> <br> Expenses:<br> <br> Oil: $0 (NNN Lease)<br> <br> Electric: $0 (NNN Lease)<br> <br> Water: $0 (NNN Lease)<br> <br> Maintenance & Repairs: $0 (NNN Lease)<br> <br> Insurance: $0 (NNN Lease)<br> <br> Taxes: $0 (NNN Lease)<br> <br> Total Expenses: $0 (NNN Lease)<br> <br> Net Operating Income (NOI): $338,550 Ann. (5.14% Cap!!!)</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
Amenities
Site Amenities
- 24 Hour Access
- Fitness Center
- Laundry Facilities
- Property Manager on Site
- Doorman
- Elevator
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
