Contacts

Brendan Thrapp

Verada

Property Details

Property Type Retail - Street Retail
Property Size 6,712 SF
Lot Size 0.69 Acre
Additional Rent $688,242
# of Floors 1
Average Floor Size 6,712 SF
Property Tenancy Multi-Tenant
Building Class A
Year Built 1921
Year Renovated 2020
Date Updated Mar 1, 2023

Two-unit ground floor, corner, retail condominium located at 100 Washington (the “Unit”) with two long term tenants. The ground floor unit is located on the corner of Washington and Rector Street. The total unit is 6,712 square feet with the restaurant space is taking up 2,300 square feet (1,800 SF + 500 SF below grade) and the New York City Police Department (command center) occupying 4,412 square feet with more than 100 feet of frontage. NYPD is responsible for 67% of the base real estate taxes and increases as well as 67% of the increases in CAM. The restaurant is responsible for 33% of increases in real estate taxes and CAM; in addition, they will be paying 1% of gross revenue starting year 3 as well as 2% of gross revenue over a $500,000 breakeven point. Both tenants are responsible for utilities.

Key Features:

- 100% occupied and cashflowing

- Long-term leases in place with two grade A credit tenants

- High-end buildouts

- Owner is only responsible for ~ $2,500 taxes/annum & $3,000 CAM/annum (basically NNN)

- Corner retail unit with over 100 ft' of wraparound frontage

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Highlights

The Property is conveniently located in the heart of the Financial District, close to numerous local attractions such as the World Trade Center, Brookfield Place, the Hudson River Walkway, South Street Seaport, and a wide variety of excellent dining, shopping, and entertainment options. In addition, 100 Washington Street is conveniently located near several subway stops, providing easy access to the remainder of Manhattan and Brooklyn.

Attachments

Getting around

100/100
Walk Score ®
100/100
Transit Score ®
85/100
Bike Score ®

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City New York, NY
Neighborhood Financial District
Zip Code 10006
Market Manhattan

Points of Interest

Broad Street

0.25 miles
Fulton Street

0.31 miles
Greenwich St & Vesey St

0.31 miles
World Trade Center

0.34 miles
Nassau Street & Frankfort Street at Southeast Corner

0.56 miles
Spring Street

1.30 miles
East Broadway (F)

1.33 miles
Broadway & Houston Street at Southeast Corner

1.50 miles
Broadway & Houston Street at Northeast Corner

1.52 miles
Houston Street & Lafayette Street at Southeast Corner

1.53 miles

ChargePoint

0.44 miles
Blink

0.58 miles
Tesla Supercharger

1.35 miles
Mobil

1.92 miles
American Quick Start Auto Center

1.97 miles
Gulf

2.01 miles
Shell

2.28 miles
BP

2.45 miles
Sunoco

2.49 miles
Emporium

2.50 miles

Battery Parking Garage

0.10 miles
Icon

0.35 miles
Enterprise Ann Parking

0.46 miles
Beekman Parking

0.48 miles
SP+

0.48 miles
Speedy Park

0.50 miles
Icon Parking

0.51 miles
Edison ParkFast

0.57 miles
Park Fast

0.76 miles
88 Madison Street Parking

1.02 miles

St. George Tavern

0.04 miles
Sauce & Barrel

0.05 miles
Siena Pizza & Cannoli

0.06 miles
Dunkin'

0.07 miles
Skinos

0.07 miles
ZAZA

0.07 miles
Bao Bao Cafe

0.07 miles
Bill's Bar and Burger

0.07 miles
Morton's The Steakhouse

0.09 miles
George's New York

0.09 miles

Gristedes

0.14 miles
Battery Place Market

0.15 miles
Eataly

0.19 miles
Whole Foods Market

0.19 miles
TJ Maxx

0.24 miles
Le District

0.26 miles
Westfield World Trade Center

0.27 miles
Up Market

0.30 miles
Brookfield Place

0.30 miles
City Acres Market

0.42 miles

In-Depth Research Available for this Property

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100 Washington Street