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 Market188
Property Features for 50 Delancey St
General Information
Standard status
Active
Size
16,657 SF
Lot size
0.11 Acres
Property subtype
Commercial
Site & Location
Neighborhood
Downtown
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: Oct 27
Last Checked: Oct 28 at 9:07AM
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
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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 / Yr
$524,696
Cap Rate
3.83%
Suggested Prices Based on Cap Rates
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
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 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.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
29,191
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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.
