Last fall, Massey Knakal listed 156-164 Delancey Street, a one-story commercial building, for $3,950,000. The property currently includes six storefronts (five occupied), plus lucrative billboard advertising space. Now look what’s popped up: an advertisement from Ashkenazy Acquisition, one of the city’s biggest commercial property owners (the firm owns the Barneys building among many others).
The new listing offers more than 2700 square feet of ground floor retail space for lease, plus the billboard advertising opportunity. “Be seen by over 111,189 vehicles and 200k people traveling the Williamsburg Bridge each day,” the accompanying promotional materials boast. According to city records the building is currently owned by “Delancey Street AE LLC,” a Delaware company.
The listing includes a helpful map showing that the building is right across the street from the Seward Park Mixed-Use Development site. The Massey Knakal sales sheet indicated that there ar 14,715 “buildable square feet” on this lot, counting almost 12,000 square feet of air rights. Current leases expire as soon as 2016 and as late as the year 2021. The rooftop billboard rents for $2500/month.
It has been a busy few months for Delancey Street real estate transactions. Last month it was reported that 126-130 Delancey sold for $21 million. Just this week we showed you renderings for the new luxury condo going up at 100 Norfolk Street. That site went for $8.8 million last year.
