Office Condo
2 Allen Street New York Manhattan, NY 10002
New
2 Allen Street New York, Manhattan, NY, 10002
$749,000
For Sale
$749,000
SINGLE_FAMILY - New York (Manhattan), NY
Property Size736 SF
Lot Size0.12 Acres
Price / SF$1,017
Days on Market2
Property Features for 2 Allen Street New York
General Information
- Property type
- Residential
- Property subtype
- Office
- Standard status
- Active
- APN
- 0294-1158
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 11483
Utilities
- Sewer type
- Public Sewer
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2011
- Building materials
- ICFs (Insulated Concrete Forms)
Listing Agency
Chous Realty Group Inc
(718) 353-8818
4203 162nd St, Flushing, NY
Listed by
Rui Feng Jin
(917) 270-7082
Added: Jul 15 Checked: Jul 16 at 10:06 pm
MLS# 1026604
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Large office condo unit for sale, offering approximately 736 sq ft of flexible professional space. The unit is described as suitable for a doctor’s office, dental practice, accountant office, or law office.
The property is located at 2 Allen Street, New York (Manhattan), NY 10002, by the center of Chinatown, with public transit access noted as about a 3-minute walk to the East Broadway subway station.
For buyers seeking a compact, dedicated office condo in Manhattan with near-term transit convenience, this opportunity is positioned for professional service uses as described in the offering materials.
The property is located at 2 Allen Street, New York (Manhattan), NY 10002, by the center of Chinatown, with public transit access noted as about a 3-minute walk to the East Broadway subway station.
For buyers seeking a compact, dedicated office condo in Manhattan with near-term transit convenience, this opportunity is positioned for professional service uses as described in the offering materials.
Key Highlights
- Approximately 736 sq ft office condo unit at 2 Allen St
- Central air and ICFs (insulated concrete forms) construction
- Public water and public sewer
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $48.6k | $66.00 |
| − Vacancy | −$3.9k | −$5.28 |
| EGI | $44.7k | $60.72 |
| − OpEx | −$17.9k | −$24.29 |
| NOI | $26.8k | $36.43 |
736 SF · lease $66.00/SF/yr · vacancy 8.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$383.1K
$335.2K – $446.9K
NOI $26,814 @ 7.0% cap · market cap 3.58%
Second Best
Office B
$336.9K
$294.8K – $393.1K
NOI $23,586 @ 7.0% cap · market cap 3.15%
Theoretical Best
Specialty Retail
$1.83M
$1.60M – $2.14M
NOI $128,241 @ 7.0% cap · market cap 17.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Lan's Services
Travel Agency
Allen Street Pharmacy
Pharmacy
Dr. Min Song, ...
Physician
JAN Renovation
General Contractor
今第建ç‘设计
Architecture Firm
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FAQs
What type of property is this?
Office units - 736 sq ft office condo unit for sale near the East Broadway subway station.
Where is this office units located?
The property is located at 2 Allen Street New York Manhattan, NY.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Approximately 736 sq ft office condo unit at 2 Allen St; Central air and ICFs (insulated concrete forms) construction; Public water and public sewer
