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28 Water St 800 - 1,600 SF of Retail Space Available in New York, NY 10004
Highlights
- Built-out quick-service restaurant with existing end gas service for ease of startup.
- Prominent 18-foot street frontage within a highly trafficked Financial District corridor.
- Exceptional transit access with multiple subway lines and PATH service nearby.
- Includes basement storage with installed walk-in refrigeration boxes.
- Surrounded by renowned establishments such as The Dead Rabbit, Fraunces Tavern, and Sweetgreen.
- Flexible lease structure with negotiable terms and immediate availability.
Space Availability (2)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| Basement | 800 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD | ||
| Ground | 800 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD |
Basement
• Built-out QSR with vent and gas in place • Walk-in boxes in the basement • Motivated seller • Great opportunity in the heart of FiDi
- Fully Built-Out as a Convenience Store
- Located in-line with other retail
Ground
• Built-out QSR with vent and gas in place • Walk-in boxes in the basement • Motivated seller • Great opportunity in the heart of FiDi
- Fully Built-Out as a Convenience Store
- Located in-line with other retail
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Select Tenants at 28 Water St, New York, NY 10004
- Tenant
- Description
- US Locations
- Reach
- 28 Gourmet Corp
- Accommodation and Food Services
- 1
- -
- Locksmith Downtown Locksmith
- Services
- 1
- -
- Nelly's Hair & Nail Salon
- Salon/Barber/Spa
- 1
- -
- Omri Enterprises
- Public Administration
- 1
- -
- Subway
- Sub Sandwich
- 27,127
- International
- The Green Door Beauty Spa
- Salon/Barber/Spa
- 1
- -
| Tenant | Description | US Locations | Reach |
| 28 Gourmet Corp | Accommodation and Food Services | 1 | - |
| Locksmith Downtown Locksmith | Services | 1 | - |
| Nelly's Hair & Nail Salon | Salon/Barber/Spa | 1 | - |
| Omri Enterprises | Public Administration | 1 | - |
| Subway | Sub Sandwich | 27,127 | International |
| The Green Door Beauty Spa | Salon/Barber/Spa | 1 | - |
Property Facts
| Total Space Available | 1,600 SF | Gross Leasable Area | 4,700 SF |
| Property Type | Retail | Year Built | 1828 |
| Property Subtype | Storefront Retail/Office |
| Total Space Available | 1,600 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 4,700 SF |
| Year Built | 1828 |
About the Property
The premises at 28 Water Street are located in Lower Manhattan’s Financial District between Broad Street and Coenties Slip. The offering includes a ground-floor retail or restaurant space and an ancillary basement area. The unit has existing mechanical systems in place for food service use, including gas and refrigeration equipment. The surrounding blocks are characterized by office towers, hotels, and numerous dining establishments that generate substantial foot traffic. The site is situated near multiple subway stations and regional transit connections, offering strong daytime and commuter patterns for food and beverage businesses.
- Bus Line
- Metro/Subway
Nearby Major Retailers
Presented by
28 Water St
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