126-130 Delancey Street is a three story commercial building located in the Lower East Side at the corner of Delancey Street and Norfolk Street. The property has 76.25 feet of frontage on Delancey Street providing the site with great visibility and options. The property was built in 2010 and contains 22,875 SF. Currently, the building is occupied by The Children’s Place, Payless Shoe Source, and The Comprehensive Center for Rehabilitation. All of the leases are ten-year leases with options. The Children’s Place and Payless Shoe Source occupy the ground floor space while The Comprehensive Center for Rehabilitation occupies the second and third floors. Additionally, there is a 2,700 SF retail condo located at 103 Norfolk Street that is currently occupied by a gallery. The current owner has negotiated for all the tenants to vacate the property allowing for a new owner to reposition the property to take advantage of the higher market rents.
Senior Advisor / Partner