Meridian Capital Group
Meridian Investment Sales

114 Delancey Street, New York, NY 10002

114 Delancey Street, New York, NY 10002

NW corner of Essex & Delancey Streets
Lower East Side

Property Details

Asking Pricing $30,000,000
Type Commercial Building
Neighborhood Lower East Side
Size 26,433 RSF
Stories 3 Stories (Plus Cellar)
Units 6 Units
Air Rights 16,000 SF

Investment Highlights:

Meridian Investment Sales is pleased to present the exclusive offering for 114 Delancey Street, a three-story commercial building located in the heart of the esteemed Lower East Side neighborhood, situated on the northwest corner of Essex and Delancey Streets.

Built in 1997, the property includes 6 commercial spaces across four levels (cellar, ground floor, second floor and third floor). Occupying 6,455 RSF between the cellar, ground floor, and second floor, the property is anchored by McDonald’s (‘BBB+’ rated by Standard & Poor’s and a Moody’s rating of ‘Baal’), a credited tenant on a long-term lease through 2036. The lower level is occupied by Sour Mouse (4,960 RSF), an entertainment venue with a bar, game room and improv stage, and the ground floor is occupied by Zaza Go Smoke Shop (420 RSF). There is currently one vacant space on the ground floor (2,298 RSF), previously occupied by Rainbow Stores. The second floor has 4,800 available RSF, and the third floor has 7,500 available RSF (full floor). Combined there is approximately 26,000 GSF which includes 26,433 SF of RSF. The property has 65’ of frontage on Delancey Street and 100’ of frontage on Essex Street. Additionally, there is approximately 16,000 SF of available air rights.