Manhattan Mixed-Use Investment
For Sale
$13,700,000
50 Delancey St, New York, NY 10002
Pre-war building with retail and residential units in Lower East Side.
Property Size16,657 SF
Lot Size0.11 Acres
Price / SF$822.48
Days on Market143
Property Features for 50 Delancey St
General Information
Standard status
Active
Size
16,657 SF
Lot size
0.11 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$153,702
Building Details
Building Size
16,657 SF
Year Built
1910
Listing Agency:
United Real Estate Fortune
Listed By:
Fang Quan He
(646) 338-8518
Source:
Elliman
Added: Apr 24
Changed: Sep 9
Last Checked: Sep 13 at 6:04AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of United Real Estate Fortune
Investment Insights
Based on property information with market context.
Located in the heart of Manhattan’s Lower East Side, this pre-war, 3-story walk-up building presents a prime investment opportunity. Constructed in 1910, the well-maintained building comprises 17 units and approximately 16,657 square feet of rentable space on a 5,008 square foot lot. The property is classified as “Predominant Retail with Other Uses,” featuring street-level commercial spaces combined with residential units, which creates a diverse income stream. The building retains classic pre-war character while offering long-term value potential. The location is highly walkable and transit-accessible, with proximity to multiple subway lines and the Lower East Side amenities. The bike score is 95, the walk score is 100, and the transit score is 100. Recent permit history indicates ongoing maintenance and updates, supporting continued tenant satisfaction and operational stability. This property represents a chance to own a versatile Manhattan investment with both retail and residential upside.
Key Highlights
- Prime Manhattan Lower East Side location with high walk, transit, and bike scores (100, 100, 95 respectively).
- Multi‑use property with both street‑level commercial spaces and residential units.
- Significant rentable space of approximately 16,657 sf over a 5,008 sf lot.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$524,696
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.83%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$10,493,920
$10.5M
Cap Rate 7%
$7,495,657
$7.5M
Cap Rate 9%
$5,829,956
$5.8M
Market Conditions
NOI Build-Up for 16,657 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$999.4K $60.00/SF
− Vacancy
−$159.9K −$9.60/SF
EGI
$839.5K $50.40/SF
− OpEx
−$314.8K −$18.90/SF
NOI
$524.7K $31.50/SF
Area
ZIP 10002
Vacancy
16.00%
Lease Rate
$60.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$10,493,920
Cap Rate 7%
$7,495,657
Cap Rate 9%
$5,829,956
Alternative Uses
Best Use
Retail
$33.78M
$29.55M – $39.41M
NOI $2,364,338 @ 7.0% cap · market cap 17.26%
Second Best
Mixed Use
$7.50M
$6.56M – $8.74M
NOI $524,696 @ 7.0% cap · market cap 3.83%
Theoretical Best
Specialty Retail
$41.46M
$36.28M – $48.37M
NOI $2,902,316 @ 7.0% cap · market cap 21.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
29,191
Businesses Nearby
Explore this area
Business Placement
Demographics for 10002, NY
82,155
Population
39,646
Households
2.1
Avg Household Size
41
Median Age
39%
College-Educated
71%
High-School Grad
0.8 sq mi
ZIP Area
102,694
Density / Sq Mi
$46,525
Median Household Income
$51,425
Median Earnings
$1,207
Median Rent
$808,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Pre-war building with retail and residential units in Lower East Side.
Where is this mixed-use property located?
The property is located at 50 Delancey St New York, NY.
What is the asking price?
The asking price for this property is $13,700,000.
What are key features of this property?
This property features: Prime Manhattan Lower East Side location with high walk, transit, and bike scores (100, 100, 95 respectively).; Multi‑use property with both street‑level commercial spaces and residential units.; Significant rentable space of approximately 16,657 sf over a 5,008 sf lot.
