Three-Story Mixed-Use
For Sale
$13,700,000
43-45 DELANCEY ST, New York, NY 10002
Street-level commercial space is paired with residential units above in a walk-up building near multiple subway lines.
Property Size16,657 SF
Lot Size0.11 Acres
Price / SF$822.48
Days on Market306
Property Features for 43-45 DELANCEY ST
General Information
Standard status
Active
Size
16,657 SF
Net Rentable
16,657 SF
Lot size
0.11 Acres
Property subtype
Mixed Use
Zoning
Predominant Retail with Other Uses (K4)
Additional Details
Public Transit
Yes
Multifamily Units
17
Amenities
Window/Wall Unit
3
Corner Lot.
Corner.
Building Details
Year Built
1910
Buildings
1
Stories
3
Tenancy
Multi
Listing Agency:
(646) 338-8518
Listed By:
United Real Estate Fortune
(646) 338-8518
Source:
Xome
Added: Nov 1, 2025
Changed: Sep 2
Last Checked: Sep 1 at 4:54PM
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.
This mixed-use property is a pre-war, three-story walk-up containing 17 units and approximately 16,657 square feet of rentable space. The building occupies a 5,008-square-foot lot and combines street-level commercial space with residential units on the upper floors. Constructed in 1910, it retains a pre-war building profile and includes window/wall units. The property is classified as Predominant Retail with Other Uses (K4).
Located at 43-45 Delancey Street in Manhattan’s Lower East Side, the property is near multiple subway lines and the neighborhood’s amenities. The site is identified as a corner lot, providing a mixed-use configuration with both commercial and residential components.
Located at 43-45 Delancey Street in Manhattan’s Lower East Side, the property is near multiple subway lines and the neighborhood’s amenities. The site is identified as a corner lot, providing a mixed-use configuration with both commercial and residential components.
Key Highlights
- 17‑unit mixed‑use building with approximately 16,657 rentable square feet
- Street‑level commercial space with residential units above
- 5,008‑square‑foot lot at 43‑45 Delancey St
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
Property Profile
Current Use
Lease Details
17
Residential units
Multi-tenant
Tenancy
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Street-level commercial space is paired with residential units above in a walk-up building near multiple subway lines.
Where is this mixed-use property located?
The property is located at 43-45 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: 17‑unit mixed‑use building with approximately 16,657 rentable square feet; Street‑level commercial space with residential units above; 5,008‑square‑foot lot at 43‑45 Delancey St
