Manhattan Mixed-Use Investment
50 Delancey St New York, NY 10002
For Sale
$13,700,000
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 Market98
Property Features for 50 Delancey St
General Information
Standard status
Active
Size
16,657 SF
Lot size
0.11 Acres
Property subtype
Commercial
Building Details
Year Built
1910
Listing Agency:
United Real Estate Fortune
(646) 338-8518
Listed By:
Fang Quan He
(646) 338-8518
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 29 at 11:44AM
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 For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $999.4k | $60.00 |
| − Vacancy | −$159.9k | −$9.60 |
| EGI | $839.5k | $50.40 |
| − OpEx | −$314.8k | −$18.90 |
| NOI | $524.7k | $31.50 |
16,657 SF · lease $60.00/SF/yr · vacancy 16.00% · expense 37.50%
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
Property Profile
Location Intelligence
Current Use
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.
