101 Delancey St, New York, NY

Properties For Sale

at 101 Delancey St Contact us

Listing agent Maurice Suede

Listing office Newmark - Corporate p***@lee-associates.com Show Phone

Listing date Sep 8, 2025

Source Moodyscre

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Overview

The mixed-use corner property, encompassing 16,312 square feet, is situated at the intersection of Delancey and Ludlow Streets in Manhattan’s Lower East Side neighborhood. The property features 20 residential units and 2 commercial spaces. The commercial spaces are currently leased to Popeye’s and Citizens Bank, with a weighted average lease term (WALT) of 7.7 years. The residential occupancy is 100%, and 55% of the units are designated as free market, offering potential for future value enhancement. The apartments consist of seven two-bedroom and thirteen three-bedroom units. Many of these apartments have dated finishes, presenting an opportunity for unit renovations. With over 123 feet of wraparound frontage along two highly trafficked corridors, the property benefits from visibility and foot traffic. The asset’s commercial spaces are positioned to capitalize on demand driven by the neighborhood’s growth and transit accessibility.

Suggested Use

Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

New York

County

New York

State

New York

Longitude

-73.9889

Latitude

40.7185

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FAQs

What type of property is this?

Mixed-use property - Mixed-use property with residential and commercial spaces in vibrant neighborhood.

Where is this mixed-use property located?

The property is located at 101 Delancey St New York, NY.

What are key features of this property?

This property features: Prime corner location at Delancey and Ludlow Streets in Manhattan's Lower East Side.; Strong unit mix: **20 residential units (7 two‑bedroom, 13 three‑bedroom) and 2 high‑credit commercial tenants (Popeye's and Citizens Bank).**; **High residential occupancy rate of 100%.**