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150 Nassau St - Park Place Tower 5,026 SF Retail Condo Unit Offered at $6,588,000 in New York, NY 10038

Apartment Buildings New York New York 150 Nassau St, New York, NY 10038

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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
  • $6,588,000 ($1,310.78/SF)
  • $338,550
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!!!)
Unit Unit Size Condo Use Price NOI
Unit Retail 5,026 SF Retail $6,588,000 ($1,310.78/SF) $338,550

Unit Retail

Unit Size
5,026 SF
Condo Use
Retail
Price
$6,588,000 ($1,310.78/SF)
NOI
$338,550
1 of 0
Videos
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Matterport 3D Tour
Photos
Street View Street
Map

Unit Retail

Unit Size 5,026 SF
Condo Use Retail
Price $6,588,000 ($1,310.78/SF)
NOI $338,550
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 Floors 23
Property Type Multifamily (Condo) Typical Floor Size 5,026 SF
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
 Year Built 1895
Building Class B 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
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
1 1
150 Nassau St, New York, NY - Aerial map view
Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
100/100
Exceptionally bikeable
90/100
Source: Local Logic®
(516) 279-8828

Still interested?

Contact the broker for more information about this property

Contact

  • Listing ID: 41074810

  • Date on Market: 6/26/2026

  • Last Updated:

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

The Financial District Multifamily Property at 150 Nassau St, New York, NY 10038 is currently available. Contact All Island Commercial for more information.

MULTIFAMILY PROPERTIES IN NEARBY NEIGHBORHOODS

NEW NEARBY MULTIFAMILY LISTINGS

NEARBY LISTINGS

1 of 11
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View Street
Map
150 Nassau St, New York, NY for sale Building Photo- Image 1 of 11
Calling All Investors, Developers, & End-Users!!!
150 Nassau St, New York, NY for sale Interior Photo- Image 2 of 11
The Property Also Features Great Exposure, High 20’ Ceilings, Sprinklers, 3 Phase Power, CAC, +++!!!
150 Nassau St, New York, NY for sale Building Photo- Image 3 of 11
Home To A Very Successful Restaurant Tenant That Has Been Rated Best Steakhouse In Manhattan!!!
150 Nassau St, New York, NY for sale Interior Photo- Image 4 of 11
Neighbors Also Include Marriott Hotels, PINK Victoria’s Secret, USPS, WholeFoods, Target, +++
150 Nassau St, New York, NY for sale Interior Photo- Image 5 of 11
Other Neighbors Include T.J. Maxx, Marshalls, Popeye’s Louisiana Kitchen, +++
150 Nassau St, New York, NY for sale Interior Photo- Image 6 of 11
This Property Offers HUGE Upside Potential!!!
150 Nassau St, New York, NY for sale Interior Photo- Image 7 of 11
This Could Be Your Next Development Site Or The Next Home For Your Business!!!
150 Nassau St, New York, NY for sale Aerial- Image 8 of 11
In The Heart Of Manhattan Next To The Brooklyn Bridge, Pace University & New York Presbyterian!!!
150 Nassau St, New York, NY for sale Building Photo- Image 9 of 11
5,000+ Sqft. Corner Retail Condo With NNN Long Term Restaurant Tenant In The Financial District!!!
150 Nassau St, New York, NY for sale Plat Map- Image 10 of 11
This Property Offers HUGE Upside Potential!!!
1 of 1

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150 Nassau St - Park Place Tower

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