150 Nassau Street,
About this property
ONE Commercial Realty Services has been retained on an exclusive basis for the sale of 150 Nassau Street, a retail condominium on the southeast corner of Nassau Street and Spruce Street in the Financial District. The property is currently vacant. The store is located just a a block away from the 4, 5, & 6 subway lines at Brooklyn Bridge – City Hall, and the 2, 3, A, C, J & Z subway lines at Fulton Street. The property is also just a short walk away from The World Trade Center, New York City Hall and the Brooklyn Bridge. The retail space is approximately 5,026 SF and was recently gut renovated with exposed brick and oak wood floors. The Lower Manhattan submarket is now one of the most sought after since the completion of One World Trade Center and the new Fulton Street Transit Hub which is set to beneficially impact retail, residential and hospitality growth. Additionally, Pace University’s flagship campus across the street has plans approved for a $190 million renovation of 1 Pace Plaza. The Landmarks Preservation Commission has already signed off on the work, which includes revamping 41 Park Row with a new entrance on Spruce Street, art gallery, and student common area, as well as renovating the lower floors of 1 Pace Plaza, which will get a new welcome center, student commons, meeting rooms and a learning lab. Both of these historic downtown assets are located adjacent to the subject property at 150 Nassau Street, which will definitely benefit from increased foot-traffic and capex to the immediate area.