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
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