Elizabeth Alessio
BEDS0
BATHS
MLS#975167
STATUSActive
PROPERTY TYPECommercial -
Property Description
Prime mixed-use building located in the heart of Chinatown. Approx. 12,373 SF (all measurements are approximate), featuring elevator access, rooftop garden, and multiple outdoor spaces. Retail income approximately $28,000/month. Residential units include rent-stabilized tenants, with 4 vacant units currently not generating income. Units are subject to rent stabilization regulations (including restrictions through 03/15/2029). Potential value-add opportunity through lease-up of vacant units and long-term repositioning. Property to be sold as-is. All information deemed reliable but not guaranteed. Buyer to verify all information.
Property Features
Property Type: Commercial -
Cooling: Separate Meters
Heating: Electric
Taxes: $352,661
Year Built: 2006
Feature Descriptions
Building Area Total: 12373
Days on Site: 1
Exterior: Brick
On Market Date: 2026-03-23
Parcel Number: 0471-0054
Parking Features: None
Rental Term: Monthly
Sewer: Public Sewer
Units: 6
Utilities: None
Water: Public
Listed By / Shown By
Listing By
Agency Name: Lin Pan Realty Group LLC
Agency Contact: 516-472-8112
Shown By
Agent Name: Elizabeth Alessio
Agent Phone: (631) 664-6849
Agency Title: Howard Hanna | Coach Realtors
Member Participants (and their affiliated licensees, if applicable) shall indicate on their websites that IDX information is provided exclusively for consumers’ personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Privacy Policy / DMCA Notice / ADA Accessibility
This site is hosted, designed and copyright
© 1994 - 2026 by
Delta Media Group, Inc. -- Patent Pending --
Agency License Information: https://www.coachrealtors.com New York State Real Estate Broker Principal Office License Number: 10991237973
198 Grand Street | MLS# 975167
This commercial property located at 198 Grand Street, New York, NY 10013 is currently listed for sale with an asking price of $7,990,000. Search New York real estate on ealessio.coachrealtors.com today.