Cushman and Wakefield has been retained on an exclusive basis to arrange for the sale of 206-210 Delancey Street in Manhattan’s Lower East Side. Five lots were combined to form an “L” shaped development site with 75’ of frontage on Delancey Street and 53’ on Pitt Street. The lot size is 10,925 SF and lies in an R-8A* zone. F.A.R. is 5.4 for residential, 6.5 for community facility and 7.2 with the inclusionary housing bonus. There are approved plans for a 75,000 SF, 12-story, mixed-use building with community facility space in the cellar and ground floor and residential on floors 2 through 12. The possibility exists to increase the floor area with Inclusionary Housing or Inclusionary Certificates (call for more information). The site has sat dormant since October 2015, when the DOB placed a Stop Work Order on the property. There is a partially constructed steel structure in place up to the 4th floor. An environmental report and structural remediation plan are available upon request and would allow for a developer to utilize the existing steel and concrete work. The subject property is located across the street from Essex Crossing, one of the most anticipated development projects in Manhattan. 206-210 Delancey Street is situated on one of the busiest corridors in the historic Lower East Side, a dynamic neighborhood featuring a wide array of unique shopping experiences, cutting-edge dining establishments, and a burgeoning nightlife scene. The neighborhood has experienced a renaissance in recent years, attracting a diverse mix of residents with its immense cultural amenities and convenient proximity to the rest of Manhattan and Brooklyn.