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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
  • Unit Retail
  • 5,026 SF
  • Retail
  • Upon Request
  • $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!!!

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

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 &amp; 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 &amp; 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 &amp; 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 &amp; 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.
Total Building Size 166,690 SF
Property Type Multifamily (Condo)
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
Building Class B
Floors 23
Typical Floor Size 5,026 SF
Year Built 1895
Lot Size 0.22 AC
Zoning C6-4, New York - C6 districts permit a wide range of high-bulk commercial uses requiring a central ­location R-10 equivalent

Amenities

Site Amenities

  • 24 Hour Access
  • Fitness Center
  • Laundry Facilities
  • Property Manager on Site
  • Doorman
  • Elevator
  • Listing ID: 41074810

  • Date on Market: 2026-06-26

  • Last Updated:

  • Address: 150 Nassau St, New York, NY 10038

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