Two buildings lining a full block on the south side of Delancey Street between Allen and Eldridge streets are for sale as part of a larger real estate portfolio being marketed by Massey Knakel.
The $60 million listing includes the residential and mixed-use buildings at 55-59 Delancey St., and 61-63 Delancey St., along with similar buildings on Broome Street in Nolita and Christopher Street in the West Village. The Delancey properties include Berkli Parc cafe and Rocket Joe’s Pizza.
The offering consists of five mixed-use, walk-up buildings in the most desirable downtown neighborhoods: The West Village, The Lower East Side, and NoLIta. The properties have been well maintained, eliminating the need for substantial capital expenditures. The TriStar Portfolio delivers to an investor an immediate and dominant downtown position. It stretches to 360’ of street frontage with a total of 100 residential units and 14 fully leased retail units. The Delancey Street property alone controls an entire block front with valuable exposure on Allen and Eldridge Streets.