Mixed-Use Building Retail
For Sale
Contact for pricing
42 Allen St, New York, NY 10002
Two leased retail condo units at a mixed-use building, currently occupied by Ping Pod.
Property Size2,608 SF
Days on Market121
Property Features for 42 Allen St
General Information
Standard status
Active
Size
2,608 SF
Property subtype
Retail
Occupancy
100%
Building Details
Stories
8
Tenancy
Single
Listing Agency:
Cushman & Wakefield New York
(212) 660-7706
Listed By:
Michael Decheser · License #NY 10301208353
Source:
Crexi
Added: Apr 12
Changed: Aug 8
Last Checked: Jul 20 at 5:01PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cushman & Wakefield New York
Investment Insights
Based on property information with market context.
Two commercial condo units are offered at 42 Allen Street, within an 8-story mixed-use building that includes three commercial units and eight residential units. The ground-floor retail unit is approximately 692 SF and is used for private table tennis instruction. The second-floor retail unit is approximately 1,916 SF and supports larger group classes. Both units are currently occupied by Ping Pod, which provides private and group instruction.
The property is located on the corner of Allen and Hester Streets. Each unit has a separate lease that commenced within the past year and includes a five-year option; the ground-floor lease expires in June 2025 and the second-floor lease expires in November 2024. Ping Pod has not missed a rent payment throughout the pandemic. The area includes nearby neighborhood retailers and amenities such as Katz’s Deli, Whole Foods, Equinox, CVS, and Mr. Purple, and the location is within walking distance of the Grand and Delancey subway stops with access to the B, D, F, M, J, and Z lines.
The property is located on the corner of Allen and Hester Streets. Each unit has a separate lease that commenced within the past year and includes a five-year option; the ground-floor lease expires in June 2025 and the second-floor lease expires in November 2024. Ping Pod has not missed a rent payment throughout the pandemic. The area includes nearby neighborhood retailers and amenities such as Katz’s Deli, Whole Foods, Equinox, CVS, and Mr. Purple, and the location is within walking distance of the Grand and Delancey subway stops with access to the B, D, F, M, J, and Z lines.
Key Highlights
- Two commercial condo units in an 8‑story mixed‑use building (3 commercial units, 8 residential units).
- ~692 SF ground‑floor retail unit occupied by Ping Pod with a lease expiring June 2025; tenant has a 5‑year option.
- ~1,916 SF second‑floor unit occupied by Ping Pod with a lease expiring November 2024; tenant has a 5‑year option.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
25,507
Businesses Nearby
16k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 94%
Dining 6%
Citibank
Shops & Services
15,431 visits/mo
0.3 miles
Domino's Pizza
Dining
1,000 visits/mo
0.4 miles
Demographics for 10002, NY
82,155
Population
39,646
Households
2.1
Avg Household Size
41
Median Age
39%
College-Educated
71%
High-School Grad
0.8 sq mi
ZIP Area
102,694
Density / Sq Mi
$46,525
Median Household Income
$51,425
Median Earnings
$1,207
Median Rent
$808,500
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Retail space - Two leased retail condo units at a mixed-use building, currently occupied by Ping Pod.
Where is this retail space located?
The property is located at 42 Allen St New York, NY.
What are key features of this property?
This property features: Two commercial condo units in an 8‑story mixed‑use building (3 commercial units, 8 residential units).; ~692 SF ground‑floor retail unit occupied by Ping Pod with a lease expiring June 2025; tenant has a 5‑year option.; ~1,916 SF second‑floor unit occupied by Ping Pod with a lease expiring November 2024; tenant has a 5‑year option.
