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Mixed-Use Building with Retail
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137-139 Allen Street, New York, NY 10002

Six-story mixed-use building with below-grade retail and 22 rent-stabilized residential units.

Property Size13,920 SF
Lot Size0.06 Acres
Days on Market137

Property Features for 137-139 Allen Street

General Information

Standard status Active
Size 13,920 SF
Lot size 0.06 Acres
Property subtype Retail, Multifamily, Mixed Use
Zoning C4-4A

Additional Details

Multifamily Units 22

Building Details

Stories 6
Tenancy Multi
Listing Agency: Holliswood Development LLC
Listed By: Steven Lusby · License #NY 10401267438
Source: Crexi
Added: Apr 10 Changed: Aug 8 Last Checked: Jul 22 at 9:52PM

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 Holliswood Development LLC

Investment Insights

Based on property information with market context.

137-139 Allen Street is a six-story mixed-use building with a commercial component consisting of three separate units. Below grade includes a 700 SF retail unit, and the above-grade commercial space is divided into a 200 SF unit on the southern side and a 700 SF unit on the northern side that was previously combined with a studio. The residential portion features two two-bedroom units on the first floor located in the rear behind the retail, with floors two through six containing twenty additional two-bedroom, one-bath units. All residential units are rent stabilized, with an average monthly rent of $1,379.

The property is built on a 40' x 70' lot and measures approximately 40' x 58', with C4-4A zoning. It is located on the west side of Allen Street between Rivington and Delancey Streets.

Key Highlights

  • Six‑story mixed‑use building with approximately 13,920 SF total gross space
  • 40' x 58' building on a 40' x 70' lot, zoned C4‑4A
  • Commercial space: three separate units, including a 700 SF below‑grade retail unit and two above‑grade 200 SF/700 SF units

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Nursing Home Pet Grooming Service Buffet Adult Day Care Clothing & Fashion Store Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

22
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

24,917
Businesses Nearby

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 Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Six-story mixed-use building with below-grade retail and 22 rent-stabilized residential units.
Where is this mixed-use property located?
The property is located at 137-139 Allen Street New York, NY.
What are key features of this property?
This property features: Six‑story mixed‑use building with approximately 13,920 SF total gross space; 40' x 58' building on a 40' x 70' lot, zoned C4‑4A; Commercial space: three separate units, including a 700 SF below‑grade retail unit and two above‑grade 200 SF/700 SF units
More about this property
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