8/15/2008

Manhattan development site draws $15.75 million

by Eric Ramsden

148-154 Delancey St.

Michael DeCheser of Massey Knakal Realty Services represented the seller in the sale of a 91-foot by 75-foot development site on Manhattan's Lower East Side to Sam Chang of Queens for $15.75 million.

The property is located at 148-154 Delancey St. in Manhattan.

Proposed rezoning of the area allows the site to contain about 47,706 buildable square feet.

Rents on the north side of Delancey Street near the site have exceeded $125 per square foot.

Address: 148-154 Delancey St., New York, N.Y.

Size: 6,825 square feet

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Filed Under: Land

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