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Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Subdivision Financial District
MLS Listing ID 1019017
Rental Info No
Year Built 1900
Annual Tax Amount $80,830
Property Sub-Type Other
Source onekey2
Property Description
Calling All Investors, Developers & End-Users!!! 5,000+ Sqft. 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!!!)
Location
State NY
County New York (manhattan)
Interior
Heating Electric
Cooling Central Air
Fireplace No
Exterior
Utilities Available Electricity Connected, See Remarks
Building
Sewer Public Sewer
Water Public
Structure Type Frame
Others
Special Listing Condition None
Listed by All Island Estates Realty Corp • Richard Matt Shane
NEARBY SCHOOL & BUSINESS
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