$46,000,000
Updated 8 years ago
Sold

75-81 Nassau Street

Seaport District, Manhattan | John Street & Fulton Street

49,980 Square FeetIncome Property

$46,000,000
apts41
Lot Size103'x108'
ZoneC5-5
Building TypeLow-Rise
Price Per SF
$920

Building Amenities

  • Voice Intercom

Property Description for 75-81 Nassau Street

75-81 Nassau Street consists of three adjacent mixed-use properties totaling approximately 49,980 square feet. In addition, the properties contain an additional ~113,100 square feet of commercial development rights and ~58,740 square feet of residential air rights. The buildings contain 5 retail units as well as 41 apartments, all which are free market. Sitting on the east side of Nassau between Fulton and John Streets, the properties are ideally situated to benefit from the Fulton Street Transit Terminal that is on schedule to be completed in 2014. Once open, the terminal will serve as a gateway to all corners of New York City and will bring increased demand for living space on the surrounding streets, from which the subject buildings will surely benefit in the form of higher rents. This dramatic increase in foot traffic will also create substantial upside in the retail as the property’s 100’ of frontage coupled with the generous floor plate will be a perfect fit for a national retailer looking to locate on a major Financial District thoroughfare. The current gross scheduled income is approximately $2.385 million.

Listing History for 75-81 Nassau Street

Now
06/26/2014
$46,000,000
Sold and Closed by Robert Knakal
Cushman & Wakefield
02/12/2014
POM by Robert Knakal
Cushman & Wakefield

Building Details for 75-81 Nassau Street

OwnershipIncome Property
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Apts41
Learn More About the Building

Transit and Citi Bike

Subway

Fulton St
0.04 miles
Cortlandt St
0.15 miles
World Trade Center
0.21 miles
Wall St
0.21 miles
Park Place
0.23 miles

Citi Bike

Fulton St & William St
0.1 miles
Liberty St & Nassau St
0.1 miles

Ferry

Wall St/Pier 11
0.47 miles

Contact Agent

Contact Agent

Robert Knakal
Cushman & Wakefield

Seaport District | Manhattan

Quick Profile

The Seaport District sits between the Financial District to the south and the Brooklyn Bridge to the north. The original Seaport designation was limited to the streets east of Water Street from Fletcher Street to Dover Street and incorporated the actual Seaport and the piers. But no more. Today, the neighborhood boundaries have expanded westward toward Park Row and include a surge of new developments in the area around Pace University and City Hall Park.

This is not your father’s Seaport. It is no longer a commercial hub and the seafood industry, which operated out of the port for nearly two hundred years, has been displaced. The older low-rise buildings that line these cobblestoned streets have been repositioned, the SouthBridge towers complex to the east of Water Street has gone free market, multiple commercial buildings have been converted to residential usage and new gleaming residential towers are rising on the site of the iconic J&R Music World which once lined the east side of Park Row.  

Still, the Seaport is a small neighborhood, particularly quaint just north of Beekman Street. The streets are dominated by century-old warehouses and maritime buildings which gives the neighborhood its overt character. The Brooklyn Bridge, on its northern edge, looms in the backdrop.

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 51674TH