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42 Allen St
New York, NY 10002

Multifamily Property For Sale · 8 Units

INVESTMENT HIGHLIGHTS

  • Premier Corner Location with Abundant Natural Light
  • Significant In-Place Cashflow
  • Adjacent Essex Crossing and Two Bridges Development
  • Global HQ for Growing Venture-Backed Brand
  • Exceptional Public Transportation

EXECUTIVE SUMMARY

Colliers has been exclusively retained to market the sale of two commercial condo units at 42 Allen Street in Manhattan, NY (the “Property”) for $2.25 million. 42 Allen Street is an 8-story, mixed-use building featuring 8 residential units and 3 commercial units. The Property consists of a ~2,000 square foot second-floor commercial condo unit and a ~700 square foot ground-floor commercial condo unit. Both units are currently leased to PINGPOD through 2030. Ideally located on the northeast corner of Allen Street and Hester Street, the Property sits in the heart of the bustling Lower East Side. The Property benefits from high foot traffic and close proximity to three separate subway stations, offering easy access to the B/D/F/M and J/Z subway lines.

PROPERTY FACTS

No. Units 8
Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid Rise
Building Class B
Lot Size 0.05 AC
Building Size 14,348 SF
No. Stories 8
Year Built 2017
APN / Parcel ID 0308-1005

AMENITIES

UNIT AMENITIES

  • Kitchen
  • Tub/Shower

SITE AMENITIES

  • Storage Space
  • Elevator

ZONING

Zoning Code C6-2 (a general central commercial zoning district that allows for a variety of uses, including)
  • Listing ID: 25699789

  • Date on Market: 5/13/2022

  • Last Updated:

  • Address: 42 Allen St, New York, NY 10002