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- LoopNet Team
42 Allen St
New York, NY 10002
LES Corner Exposure | Venture-Backed Tenant · Build-to-Rent Property For Sale
·
8 Units
INVESTMENT HIGHLIGHTS
- Premier corner location with abundant natural light.
- Access to exceptional public transportation.
- Significant in-place cashflow.
- Global HQ for growing venture-backed brand, tenant recently extended lease through 2030.
- Adjacent to Essex Crossing and Two Bridges developments.
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
| Sale Condition | Auction Sale | Costar Property Class | B |
| Type of Ownership | Fee Simple | Total Plot Size | 0.05 ac |
| No. Units | 8 | Property Size | 11,227 sq ft |
| Property Type | Build-to-Rent (Unit) | No. Floors | 8 |
| Property Subtype | Apartment | Year Built | 2017 |
| Apartment Style | Mid-Rise | APN / Parcel ID | 0308-1005 |
| Use Class | C6-2 - a general central commercial zoning district that allows for a variety of uses, including | ||
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| No. Units | 8 |
| Property Type | Build-to-Rent (Unit) |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Costar Property Class | B |
| Total Plot Size | 0.05 ac |
| Property Size | 11,227 sq ft |
| No. Floors | 8 |
| Year Built | 2017 |
| APN / Parcel ID | 0308-1005 |
| Use Class | C6-2 - a general central commercial zoning district that allows for a variety of uses, including |
AMENITIES
UNIT AMENITIES
- Kitchen
- Tub/Shower
SITE AMENITIES
- Storage Space
- Lift
