Six-Story Mixed-Use
For Sale
Contact for pricing
9-11 Delancey Street, New York, NY 10002
Corner property combining 18 units with commercial frontage in Manhattan’s Lower East Side.
Property Size9,664 SF
Lot Size0.04 Acres
Price / SF$672.60
Days on Market108
Property Features for 9-11 Delancey Street
General Information
Standard status
Active
Size
9,664 SF
Lot size
0.04 Acres
Property subtype
Multifamily, Mixed Use
Zoning
C6-3A (R9A equiv)
Investment Type
Value Add
Site & Location
Corner Location
Yes
Public Transit
Yes
Building Details
Year Built
1900
Buildings
1
Stories
6
Units
18
Tenancy
Multi
Listing Agency:
Capital Realty Investors, Inc
Listed By:
Flavia Zaguini · License #10311210405
Source:
Crexi
Added: Jul 2
Changed: Oct 6
Last Checked: Oct 16 at 9:06AM
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 Capital Realty Investors, Inc
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This six-story mixed-use building contains 18 units and encompasses 9,664 square feet on a 16-foot by 109-foot lot. Constructed in 1900, the corner property is zoned R6-C2-4 and includes 125 feet of frontage.
The building is positioned in Manhattan’s Lower East Side along the Bowery corridor, across from the Bowery Subway Station. The property is also identified as 143 Chrystie Street and carries the address 9-11 Delancey Street.
The building is positioned in Manhattan’s Lower East Side along the Bowery corridor, across from the Bowery Subway Station. The property is also identified as 143 Chrystie Street and carries the address 9-11 Delancey Street.
Key Highlights
- 18‑unit, six‑story mixed‑use building
- 9,664 square feet on a 16 ft x 109 ft lot
- 125 ft of frontage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$304,416
Cap Rate
4.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,088,320
$6.1M
Cap Rate 7%
$4,348,800
$4.3M
Cap Rate 9%
$3,382,400
$3.4M
Market Conditions
NOI Build-Up for 9,664 SF
Gross rent
$579.8K $60.00/SF
− Vacancy
−$92.8K −$9.60/SF
EGI
$487.1K $50.40/SF
− OpEx
−$182.6K −$18.90/SF
NOI
$304.4K $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%
$6,088,320
Cap Rate 7%
$4,348,800
Cap Rate 9%
$3,382,400
Alternative Uses
Best Use
Retail
$19.60M
$17.15M – $22.86M
NOI $1,371,733 @ 7.0% cap · market cap 21.10%
Second Best
Mixed Use
$4.35M
$3.81M – $5.07M
NOI $304,416 @ 7.0% cap · market cap 4.68%
Theoretical Best
Specialty Retail
$24.06M
$21.05M – $28.06M
NOI $1,683,855 @ 7.0% cap · market cap 25.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
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
Frequently Asked Questions
What type of property is this?
Mixed-use property - Corner property combining 18 units with commercial frontage in Manhattan’s Lower East Side.
Where is this mixed-use property located?
The property is located at 9-11 Delancey Street New York, NY.
What is the asking price?
The asking price for this property is $6,500,000.
What are key features of this property?
This property features: 18‑unit, six‑story mixed‑use building; 9,664 square feet on a 16 ft x 109 ft lot; 125 ft of frontage
