Press Release brought to you by Cushman & Wakefield Capital Markets Group New York

Massey Knakal Retained Exclusively to Sell Prime Retail Corner Property On Lower East Side

08/15/2012

Massey Knakal Realty Services has been retained on an exclusive basis to sell a newly constructed three-story commercial building at 126-130 Delancey Street. The building is located on the northwest corner of Delancey Street and Norfolk Street on Manhattan’s Lower East Side. The asking price is $22,750,000.

The building is approximately 22,875 square feet above grade with 76 feet of frontage on Delancey Street. It is currently occupied by The Children's Place, Payless Shoe Source, and The Comprehensive Center for Rehabilitation. National credit tenants, Payless Shoe Source and The Children’s Place, occupy all of the ground floor with approximately 3,300 square feet and 3,700 square feet, respectively. The Children’s Place and The Comprehensive Center for Rehabilitation have lower level space consisting of approximately 2,500 square feet and 3,000 square feet, respectively. The Comprehensive Center for Rehabilitation has an entrance on Norfolk Street and occupies the entire second and third floors, totaling approximately 15,875 square feet.

The building is directly across the street from the Seward Park Urban Renewal Area which was recently approved by Community Board 3. In addition, the property is right in front of an entrance/exit to the F, J, M, Z trains at the Essex Street-Delancey Station. Nearby retailers include Dunkin’ Donuts, McDonalds, Duane Reade, Bank of America, T-Mobile, Sprint and Starbucks.

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

Massey Knakal specializes in the sale of investment and user properties in the New York Metropolitan area. Since 1988, our agents have closed over 4,200 transactions having a market value in excess of $15 billion.

08/15/2012 - 09:40

Source

Cushman & Wakefield Capital Markets Group New York

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