Contacts

Brendan Thrapp

Verada

(201) 787-9679

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
Website www.veradaretail.com

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

Rector Street

0.10 miles
Wall Street

0.19 miles
WTC Cortlandt

0.22 miles
Broad Street

0.25 miles
Cortlandt Street

0.25 miles
World Trade Center

0.26 miles
Bowling Green

0.29 miles
Fulton Street

0.31 miles
Wall Street

0.33 miles
Whitehall Street–South Ferry

0.39 miles

ChargePoint

0.44 miles
Blink

0.58 miles
Tesla Supercharger

1.09 miles
Blink

1.35 miles
Blink

1.39 miles
ChargePoint

1.44 miles
ChargePoint

1.69 miles
Mobil

1.92 miles
American Quick Start Auto Center

1.97 miles
Gulf

2.01 miles

Battery Parking Garage

0.11 miles
Icon

0.35 miles
SP+

0.48 miles
Speedy Park

0.50 miles
Edison Park Fast

0.57 miles
Park Fast

0.76 miles
iPark

1.13 miles
Christie Garage

1.25 miles
Pier 40

1.43 miles
Park Kwik

1.51 miles

St. George Tavern

0.04 miles
Sauce & Barrel

0.05 miles
BLT Bar & Grill

0.07 miles
ZAZA

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
Tajin

0.09 miles
Wogies

0.10 miles
Benvenuti

0.12 miles

Gristedes

0.14 miles
Battery Place Market

0.15 miles
Gristedes

0.16 miles
Eataly

0.19 miles
TJ Maxx

0.24 miles
Le District

0.26 miles
Up Market

0.30 miles
Brookfield Place

0.30 miles
City Acres Market

0.42 miles
Target

0.45 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

100 Washington Street