Office Condo
For Sale
$749,000
2 Allen Street #6A New York, New York, NY 10002
An approximately 736 sq ft office condo suited for professional and medical uses.
Property Size736 SF
Price / SF$1,017
Days on Market17
Property Features for 2 Allen Street #6A New York
General Information
Standard status
Active
Size
736 SF
Property subtype
Commercial
Building Details
Year Built
2011
Listing Agency:
Chous Realty Group Inc
(917) 270-7082
Listed By:
Rui Feng Jin
(917) 270-7082
Source:
Cohenandcohenrealty
Added: Jul 15
Changed: Jul 22
Last Checked: Jul 31 at 12:59PM
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 Chous Realty Group Inc
Investment Insights
Based on property information with market context.
This offering presents a large office condo unit in a multi-unit building, with approximately 736 square feet of space. The unit is presented for professional office use and is described as a good fit for a doctor’s office, dental practice, accountant, or law office.
The property is located at 2 Allen Street #6A in Manhattan near the center of Chinatown, with public transit access noted as about a 3-minute walk to the East Broadway subway station.
The listing is positioned as a must-see office condo option for buyers seeking a manageable, move-in-ready professional space within a dense downtown setting.
The property is located at 2 Allen Street #6A in Manhattan near the center of Chinatown, with public transit access noted as about a 3-minute walk to the East Broadway subway station.
The listing is positioned as a must-see office condo option for buyers seeking a manageable, move-in-ready professional space within a dense downtown setting.
Key Highlights
- Approximately 736 sq ft office condo unit
- Built in 2011
- Located at 2 Allen St in the center of Chinatown
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 authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
12,896
Businesses Nearby
Explore this area
Business Placement
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 Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - An approximately 736 sq ft office condo suited for professional and medical uses.
Where is this office units located?
The property is located at 2 Allen Street #6A New York New York, 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; Built in 2011; Located at 2 Allen St in the center of Chinatown
