Developer Angelo Cosentini Sells 126-130 Delancey for $21M

Posted on: January 31st, 2013 at 6:48 am by

126-130-delancey

Heretofore owned by Blue developer Angelo Cosentini, the three-story commercial frontage at 126-130 Delancey just traded hands for $21 million. The 22,875 square-foot property, situated at the northwest corner of Norfolk Street, had been on the open market for several years with an asking price of $22.75 million, and was most recently marketed by Massey Knakal last fall. According to the Real Deal, the lucky buyer is Carter Management, a “full-service real estate development, management and consulting organization.”

126-130 Delancey is currently home to budget big-box tenants Payless Shoe Source and Children’s Place, as well as the Comprehensive Center for Rehabilitation. The three commercial leases reportedly expire in 2021. A relative eternity in city time.

Recent Stories

7th-precinct
The LES Dwellers Call for Dissolution of 7th Precinct Community Council

The flashpoint local block association, LES Dwellers, are again at the forefront of controversy. This time, ire is directed toward the 7th Precinct Community Council for purported lack of transparency. The proverbial straw that broke the Hell Square back was cancellation of the scheduled public session at the last community affairs meeting on Wednesday. From the mailbag: […]

rivington-wall-mural
‘Rivington Wall’ Mural Programming Christened by the Bowery

The wallspace beside the On Stellar Rays gallery is officially its own exhibition space. What began with a mural by RETNA one year ago is now a fully-fledged project with a revolving door of art programming. It’s called the “Rivington Wall,” courtesy of Parasol Projects. Artwork is scheduled to change every four to six weeks. […]

Penny Arcade
You Must See Penny Arcade’s ‘Longing Lasts Longer’

I’m just going to jump right into it. You have to go see Penny Arcade’s LONGING LASTS LONGER at Joe’s Pub. I went this past Monday night, and I really want to share it with all of you awesome people because I know that you would have as much fun as I did. Plus, considering […]

Photo: @JeffKurzon
London Kaye Brings RHCP’s Flea to The Lower East Side

There’s another yarn bomber rocking the Lower East Side. Part Olek, part HOTTEA, fellow New Yorker London Kaye is adorning the outdoor surfaces of the city with her clever crocheting. One of her more recent pieces depicts a cartoonish Michael Peter Balzary, or, as most of the world know him – Flea. That’s right, the Red Hot Chili […]

Photo: Kevin Gannon
Looking Back at a Decade of Demolition on Upper Orchard Street [PHOTOS]

It was a slow death, but Ben “Sledgehammer” Shaoul finally cleared out the small businesses operating at the corner of Orchard and East Houston. A parcel for which he paid $75 million. Now, with the wrecking ball mid-swing, and ten floors of condos (plus an Equinox gym) in tow, we got to reminiscing. Yes. It’s […]