101 Delancey Street | Mixed Use Manhattan Property
Property Overview
101 Delancey Street is a mixed use Manhattan property located at a high traffic Downtown intersection in the Lower East Side of New York, NY 10002. The building consists of 12 free market residential units positioned above ground floor retail space. The property sits at a convergence point where SoHo, Nolita, Chinatown, and the historic Little Italy corridor meet, creating a rare concentration of pedestrian flow and retail demand. This corner location benefits from long term geographic scarcity within one of Manhattan's most supply constrained corridors.
Commercial Tenancy
The ground floor retail component is anchored by nationally recognized credit tenants including Citizens Bank and Popeyes. These tenants operate under leases extending through 2029, providing predictable income backed by corporate balance sheets. The commercial base creates a stabilized, durable cash flow foundation that reduces volatility while covering operating expenses and debt service. This credit backed tenancy preserves upside potential through future lease renewal or repositioning opportunities.
Residential Component
The 12 residential units operate with full free market flexibility, allowing ownership to execute a direct value add strategy through renovations and lease turnover. As units roll, interiors can be upgraded and repositioned toward luxury level finishes aligned with nearby SoHo and Nolita demand. This approach creates a clear pathway for NOI growth driven by execution and market rent resets. The free market structure enables responsive pricing adjustments as market conditions and neighborhood comparables evolve.
Investment Profile
The asset combines stabilized credit tenancy with free market residential upside within a prime corner location. The property is well suited for institutional investors and family offices seeking both current cash flow stability and growth potential. The commercial base provides a foundation of predictable income while residential units offer leverage to market rent increases and value add execution. The structure balances portfolio stability with meaningful upside pathways.
Location and Market Context
The property occupies a high traffic Downtown Manhattan intersection serving multiple distinct neighborhoods. The convergence of SoHo, Nolita, Chinatown, and Little Italy creates sustained pedestrian flow and retail demand across changing seasons and economic cycles. Geographic scarcity in this supply constrained corridor supports long term value retention. The location benefits from the established retail, dining, and cultural infrastructure that characterizes these adjacent neighborhoods.
Questions
What are the main revenue streams at 101 Delancey Street?
Revenue comes from two sources: ground floor commercial rent from credit tenants Citizens Bank and Popeyes on leases through 2029, and residential rent from 12 free market units above. The commercial income provides stable, predictable cash flow backed by corporate balance sheets, while residential units offer growth potential through renovations, lease turnover, and market rent resets aligned with SoHo and Nolita pricing.
What value add opportunities exist in the residential units?
The 12 residential units operate on a free market basis with full flexibility for ownership execution. As leases expire and units turn, interiors can be upgraded to luxury level finishes consistent with nearby SoHo and Nolita market standards. This strategy creates NOI growth through both lease turnovers and market rent resets. The approach leverages neighborhood demand while maintaining operational control over timing and scope of renovations.
How does the commercial lease structure support the investment?
Ground floor retail is anchored by nationally recognized credit tenants with leases extending through 2029. These corporate backed leases provide predictable income that covers operating expenses and debt service while reducing portfolio volatility. The lease structure also preserves upside through renewal negotiations or repositioning at lease expiration. This creates a durable cash flow foundation that supports the overall property economics.
What makes the location strategically significant?
The property sits at a high traffic intersection where SoHo, Nolita, Chinatown, and Little Italy converge, creating rare concentration of pedestrian flow and retail demand. This corner position operates within one of Manhattan's most supply constrained corridors, supporting long term geographic scarcity. The location benefits from established infrastructure and demand patterns across multiple distinct neighborhoods.
Who is the appropriate investor for this asset?
The property is well suited for institutional investors and family offices. The combination of stabilized credit tenancy and free market residential upside allows for both predictable cash flow and value add execution. Investors can balance portfolio stability through commercial income with growth potential from residential market rent increases and strategic renovations.
What is the listing price and location?
101 Delancey Street is priced at USD 12,500,000. The property is located in the Lower East Side of New York, NY 10002, at the intersection of SoHo, Nolita, Chinatown, and Little Italy. The listing is associated with Marlon Schwarcz.
101 DELANCEY STREET Lower East Side, New York, NY 10002 | Mixed-Use Asset
101 Delancey Street is a mixed-use Manhattan property consisting of 12 free-market residential units above ground-floor retail anchored by Citizens Bank and Popeyes. The building is located at a high-traffic Downtown intersection where SoHo, Nolita, Chinatown, and the historic Little Italy corridor converge, creating a rare concentration of pedestrian flow, retail demand, and long-term geographic scarcity.
The residential component offers full free-market flexibility, allowing ownership to execute a direct value-add strategy through renovations and lease turnover. As units roll, interiors can be upgraded and repositioned toward luxury-level finishes aligned with nearby SoHo and Nolita demand, creating a clear pathway for NOI growth driven by execution and market rent resets.
The commercial base is stabilized by nationally recognized credit tenants with leases extending through 2029, providing predictable income backed by corporate balance sheets. This creates a durable cash-flow foundation that reduces volatility while covering operating expenses and debt service, while preserving upside through future lease renewal or repositioning.
Overall, the asset combines stabilized credit tenancy, free-market residential upside, and a prime corner location within one of Manhattan’s most supply-constrained corridors, making it well suited for institutional investors, family
Sold by Marlon Schwarcz · Marlon Schwarcz on the Yesodi marketplace.