101 Delancey St New York, NY 10002

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.