110-114 Delancey St

Meridian Investment Sales is pleased to present the exclusive offering for 114 Delancey Street, a three-story commercial
building located in the heart of the esteemed Lower East Side neighborhood, situated on the Northwest corner of
Essex and Delancey Streets. Built in 1997, the property includes 6 commercial spaces across four levels (cellar, ground floor, second floor and third floor). Occupying 6,455 RSF between the cellar, ground floor, and second floor, the property is anchored by
McDonald's (‘BBB+’ rated by Standard & Poor’s and a Moody’s rating of ‘Baa1’), a credited tenant on a long-term lease
through 2036. The lower level is occupied by Sour Mouse (4,960 RSF), an entertainment venue with a bar, game room
and improv stage, and the ground floor is occupied by Zaza Go Smoke Shop (420 RSF). There is currently one vacant
space on the ground floor (2,298 RSF), previously occupied by Rainbow Stores. The second floor has 4,800 available
RSF, and the third floor has 7,500 available RSF (full floor). Combined there is approximately 26,000 GSF which
includes 26,433 SF of RSF. The property has 65’ of frontage on Delancey Street and 100’ of frontage on Essex Street.
Additionally, there is approximately 16,000 SF of available air rights. Located directly across the street is Essex Crossing, a unique community development encompassing 1,870,000 GSF of living, office, retail, and public recreation components. Essex crossing provides a dynamic mixed-use destination designed to fit within the rich cultural tapestry of New York City’s historic Lower East Side. Notable retail and community tenants include Trader Joe’s, Target, Regal Cinemas, the International Center of Photography, and the new
Essex Market, along with various local food and beverage establishments. The project is committed to sustainability,
participating in various programs and adhering to stringent environmental requirements outlined in the RFP, City
Disposition, and the City’s Uniform Land Review Procedure. The Lower East Side is a one-of-a-kind neighborhood bounded by the East River to the east, Bowery to the west, Canal Street to the south and Houston Street to the north. The neighborhood is truly a marvel unto itself – a unique combination of art, character and historical landmarks that continues to elicit unparalleled residential, retail and other
commercial demands. The building is conveniently located within proximity to the various parks, museums, and the F,
M, J, Z subway lines located at the Delancey Street Station, steps from the property.