101 Delancey Street Sells for $10.4M

Posted on: December 7th, 2021 at 5:00 am by

An anchor tenement on situated on Delancey Street within the orbit of Essex Crossing just changed hands.

The pre-war “Karg Building” at 101 Delancey – with Popeyes and HSBC bank on the ground floor – is now under the ownership of investor Zack Hering of 33 Equities. His company spent $10.4 million on the transaction. (The sellers had purchased the tenement in 2014 for $17.3 million.)

The mixed-use property boasts a footprint of 19,000 square-feet and carries twenty apartments and five retail spaces to its name.

Most interesting about this sale, however, is the simultaneous acquisition of an easement from 92 Ludlow Street (Hotel Chantelle) just around the corner. Which could mean the literal raising of the roof for additional apartments. No permits are yet on final for any such jobs.

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