Fully Occupied Retail Property For Sale in Manhattan

Description:

Located at the intersection of John and Nassau Streets, 25 John Street stands in the heart of the Financial District. This 4,649-square-foot multi-tenant retail asset comprises 10 small-format spaces with 969 SF in the lower level and 3,680 SF across the ground and mezzanine floors—a good fit for service oriented and specialty operators. Many tenants have occupied their spaces for over a decade, representing the property’s role as a neighborhood fixture and the high demand for its prime location. Surrounded by landmark office towers, high-density residential buildings, and world-class attractions, the property enjoys a high constant pedestrian flow from professionals, residents, and tourists alike. With a full occupancy, 25 John Street delivers stable and diversified income. The unit mix allows for flexibility in tenanting, while its high visibility ensures sustained market appeal.
Fully occupied with 10 retail tenants including a Verizon Wireless Cell Tower.
Property Info:
Address: 25 John Street, New York NY
Block & Lot 79 / 1101
Cross Streets: Corner of John Street and Nassau Street
Wraparound Frontage Approx. 153'
Stories 16
Building Dimensions (51.08' x 101.58')
Gross SF 4,649
Retail Units 10
Zoning C5-5 (R10)
Lot Dimensions (51.08' x 101.58')
Lot Size 5,035 SF
Tax Class 4
RE Tax Assessment (25/26) $2,104,812
Tax Rate (25/26) 10.762%
RE Taxes (25/26) $226,520

Rent Roll
Unit Tenant SF Monthly Rent Annual Rent
B1 JP Spa 537 $3,182 $38,184
B2 Mike's Barber Shop 432 $3,500 $42,000
101 (Lease Out) 844 $13,500 $162,000
102 Power Bowls 596 $8,275 $99,300
103 (Lease Out) 458 $6,000 $72,000
104 My Convenience 280 $8,985 $107,820
105 Sakura of Japan 98 $3,460 $41,520
106 Tacos Hermanos 398 $14,500 $174,000
107 D'Elici 762 $12,000 $144,000
108 Beard Papa's 244 $5,500 $66,000
Roof Verizon Wireless (Cell Tower) 0 - $5,662 $67,944
Property Total: 4,649 $84,564 $1,014,768
Tax/CAM Reimbursements: $39,423
Gross Income: $1,054,191

Expenses:
RE Taxes (25/26) ($226,520)
CAM Charges (owner provided): ($44,676)
Insurance (owner provided): ($6,696)
Annual NOI: $776,299

Documents: