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

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.