Evette Leavy
Licensed RE Salesperson
REALTOR®
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: 117
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: Evette Leavy
Agent Phone: Cell: (516) 984-0073
Agency Title: Coldwell Banker American Homes
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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 eleavy.cbamhomes.com today.