114 Delancey St New York, NY 10002
Property profile & analytics
114 Delancey St New York, NY 10002
- Retail residential properties
- 23,040 SF
- 0.15 lot acres
Property ID
US63-3374000
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- McDonald's / Restaurant / Take-out & Catering
- Actors Federal Credit Union - ATM / Atm
- Kmk Inc / Big Box & Wholesale Store
Property Details for 114 Delancey St
- Year built
- 1997
- Lot size
- 0.15 lot acres
- Property size
- 23,040 SF
- Zone code
- C62A
- Property type
- Retail residential properties
- APN
- 00410-0064
- APU
- 4100064
Description
This exceptional mixed-use property at 114 Delancey Street in New York City's vibrant Lower East Side offers a compelling investment opportunity. The three-story, 26,000 square foot building boasts 26,433 square feet of net rentable space and an impressive 16,000 square feet of available air rights. Built in 1997 and zoned C6-2A, the property features six commercial units, including a McDonald's (a national credit tenant with a lease extending to 2036 occupying 6,455 square feet), a bar and entertainment venue (4,960 square feet), and a smoke shop (420 square feet). There is also a vacant retail space (2,298 square feet) and a significant amount of vacant office space (12,300 square feet) across the second and third floors, presenting substantial potential for future income generation. The building enjoys prominent frontage on Delancey and Essex Streets (65' and 100' respectively). Its location directly across from the Essex Crossing development, a large mixed-use complex including Trader Joe's, Target, and Regal Cinemas, ensures high visibility and foot traffic. The property's diverse tenant mix, strong anchor tenant, and substantial air rights potential combine to create a truly unique investment opportunity in one of Manhattan's most sought-after neighborhoods. The asking price is $30,000,000.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $12,095,000
- 6.5%
- $11,165,000
- 7%
- $10,370,000
-
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $13,875,000 Current use
- APARTMENT HOUSE (5+ UNITS)
- $12,465,000 Change: -10% Conversion: Moderate
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- New York
- County
- New York
- State
- New York
- Longitude
- -73.9883
- Latitude
- 40.7189
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$335,793
$900,000
$2,310,560
$3,210,560
-
$2,000,000
$5,045,000
$7,045,000
