For Sale
$30,000,000

114 Delancey StNew York, NY 10002

Prime Lower East Side location, strong tenant mix, high upside.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional mixed-use property at 114 Delancey Street in New York City's vibrant Lower East Side offers a compelling investment opportunity. The three-story, 26,000 square foot building boasts 26,433 square feet of net rentable space and an impressive 16,000 square feet of available air rights. Built in 1997 and zoned C6-2A, the property features six commercial units, including a McDonald's (a national credit tenant with a lease extending to 2036 occupying 6,455 square feet), a bar and entertainment venue (4,960 square feet), and a smoke shop (420 square feet). There is also a vacant retail space (2,298 square feet) and a significant amount of vacant office space (12,300 square feet) across the second and third floors, presenting substantial potential for future income generation. The building enjoys prominent frontage on Delancey and Essex Streets (65' and 100' respectively). Its location directly across from the Essex Crossing development, a large mixed-use complex including Trader Joe's, Target, and Regal Cinemas, ensures high visibility and foot traffic. The property's diverse tenant mix, strong anchor tenant, and substantial air rights potential combine to create a truly unique investment opportunity in one of Manhattan's most sought-after neighborhoods. The asking price is $30,000,000.

Highlights

  • Three-story, 26,000 square foot mixed-use building with 26,433 square feet of net rentable space and 16,000 square feet of available air rights.
  • Prime Lower East Side location at the northwest corner of Delancey and Essex Streets, across from Essex Crossing development.
  • Strong tenant mix including McDonald's (6,455 SF, lease through 2036), a bar/entertainment venue (4,960 SF), a smoke shop (420 SF), and vacant retail (2,298 SF) and office space (12,300 SF).
  • McDonald's, a national credit tenant (BBB+ S&P Global rating), provides a stable income stream.

Property Details for 114 Delancey St

Property type
Retail properties, Bars
Square Feet
26,000 SF
Year Built
1997
Units
6

Location Insight

City
New York
County
New York
State
New York
Latitude
40.718697997527
Longitude
-73.988305516541
114 Delancey St, New York, New York

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114 Delancey St
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