$328/BSF with 5.5 CAP Float - Lower East Side - 15,000 BSF
FOR SALE
$4,950,000
176 Delancey Street, New York, NY 10002
5.56%
CAP
Property Description
NOI
$275,000
Cap Rate
5.56%
- 4 Apts and 1 Store - 5,250 SF Brick Building
- 15,050 Total Buildable SF | Ability to use existing structure in Development
- Property is already cash-flowing | Asking a 5.5% cap rate on in-place income
- Retail has demo-clause in lease
- Protected Tax Class 2A - Taxes are $25,609
- Very close proximity the F,M,J & Z Train Station at Delancey Street.
- Across the Street from the Essex Crossing Mega-Development
- Surrounded by some of the best restaurants and nightlife in all of NYC
- Potential to use Side Wall which faces the Williamsburg Bridge for signage for ground floor retail tenant
- Opportunity to take Advantage of City of Yes Program and 485X
Property Details
Asset Type
Mixed-use
Neighborhood
Lower East Side
Submarket
New York
ZIP
10002
Listing Type
sale
Offering Memorandum
30 years
10 years
Net Operating Income (NOI)
$436,288
Debt Service Coverage Ratio (DSCR)
1.55x
Cap Rate
8.81%
Cash Flow (Annual)
$154,701
Cash-on-Cash Return
12.50%
Monthly Debt Service
$23,466
Annual Debt Service
$281,586
View on Map
Address
176 Delancey Street
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New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale
No investors found in this market.
