NEW YORK—A retail building at 126-130 Delancey Street in Manhattan’s Lower East Side has been sold in an all-cash transaction valued at $21 million. Massey Knakal’s Michael F. DeCheser, director of sales, exclusively handled the transaction.

Currently occupied by The Children’s Place, Payless Shoe Source and The Comprehensive Center for Rehabilitation, the commercial property stands three stories tall and contains approximately 22,875 sq. ft. of space.

Located across the street from the Seward Park Urban Renewal Area, 126-130 Delancey Street is in close proximity to public transportation.

“The building is a new construction asset with two national credit tenants, positioned to benefit from 1.65 million sq. ft. of development in the pipeline across Delancey Street,” said DeCheser.