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 Market62
Property Features for 9-11 Delancey Street
General Information
Standard status
Active
Size
9,664 SF
Lot size
0.04 Acres
Property subtype
Mixed Use
Zoning
R6-C2-4
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: Aug 30
Last Checked: Aug 31 at 8:16PM
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
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 = 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
$304,416
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
4.68%
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%
$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
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
$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 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%
$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.
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
Questions? Ask Rey
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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
