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Massey Knakal Realty Services has been retained on an exclusive basis to sell a corner retail building at 156-164 Delancey Street. The property is located on the northwest corner of Delancey Street and Clinton Street on Manhattan’s Lower East Side. The asking price is $3,950,000.

The single story building boasts 109 feet of frontage in a high traffic location, directly adjacent to the Manhattan entrance of the Williamsburg Bridge. The building currently consists of six commercial units of ideal size, five of which are occupied with most of the leases expiring in next few years. The building receives additional income from billboard advertising on the roof.

“We have two other retail driven properties under contract on Delancey and expect a lot of interest in 156-64 given the demand and price point,” said Michael DeCheser, who focuses on the Lower East Side.

This future development site can be built to nearly 20,000BSF including inclusionary bonus, and given its proximity to the Seward Park Urban Renewal Area, presents a strong future development opportunity.

For more information on this listing, contact Massey Knakal Director of Sales Michael DeCheser or Chairman Bob Knakal at 212.696.2500.

Click here for listing details

Neighborhoods: Lower East Side/ Agents: Michael DeCheser