‘Happy Wok’ on Endangered List as its Delancey Street Space Hits the Market for $13K

Posted on: August 22nd, 2017 at 5:12 am by

For a stretch of retail on borrowed time, 156-164 Delancey Street sure stays fresh with commercial turnover. Indeed, within the last eighteen months, a dollar pizza joint and Coco bubble tea dispensary signed leases. Not to mention, Boost Mobile and Cricket Wireless.

However, one of the stalwarts on this low-rise block might soon fade into the history books. It appears as though the Happy Wok Chinese restaurant is now on the endangered list.

The 650 square-foot space is being pitched in Craigslist real estate listings as a restaurant opportunity with $13,000 per month in rent (plus key) that is “slightly negotiable.”

Given all the activity here, it’s clear that those bygone plans to sell and redevelop this strip strip are at a standstill. The single-story building straddling 156-164 Delancey Street has been on and off the market several times in recent years. Most recently, in October 2015 for the reduced asking amount of $15 million. That price point was still more than two-fold increase in what Ashkenazy Investments paid four years ago.

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