Office Condo
For Sale
$749,000
2 Allen Street 6a New York, Manhattan, NY 10002
Office condominium near East Broadway subway station, suitable for professional office use.
Property Size736 SF
Price / SF$1,017
Days on Market77
Property Features for 2 Allen Street 6a New York
General Information
Standard status
Active
Size
736 SF
Additional Details
Public Transit
Yes
Building Details
Year Built
2011
Listing Agency:
Chous Realty Group Inc
Listed By:
Rui Feng Jin
(718) 353-8818
Source:
Realtyconnectusa
Added: Jul 24
Changed: Oct 6
Last Checked: Oct 7 at 1:31PM
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 office condominium contains approximately 736 square feet and was built in 2011. The unit is positioned within a mixed-use Manhattan setting and can support professional office functions, including medical, dental, accounting, or legal practice use as described for the property.
The property is located at 2 Allen Street, in the Chinatown area of New York, NY 10002. East Broadway subway station is about a three-minute walk away, providing nearby subway access for occupants and visitors.
The property is located at 2 Allen Street, in the Chinatown area of New York, NY 10002. East Broadway subway station is about a three-minute walk away, providing nearby subway access for occupants and visitors.
Key Highlights
- Approximately 736 square feet of office condominium space
- Built in 2011
- Located at 2 Allen Street 6A, New York, NY 10002
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,814
Cap Rate
3.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$536,280
$536.3K
Cap Rate 7%
$383,057
$383.1K
Cap Rate 9%
$297,933
$297.9K
Market Conditions
NOI Build-Up for 736 SF
Gross rent
$48.6K $66.00/SF
− Vacancy
−$3.9K −$5.28/SF
EGI
$44.7K $60.72/SF
− OpEx
−$17.9K −$24.29/SF
NOI
$26.8K $36.43/SF
Area
ZIP 10002
Vacancy
8.00%
Lease Rate
$66.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$536,280
Cap Rate 7%
$383,057
Cap Rate 9%
$297,933
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
23,343
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 - Office condominium near East Broadway subway station, suitable for professional office use.
Where is this office units located?
The property is located at 2 Allen Street 6a 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 square feet of office condominium space; Built in 2011; Located at 2 Allen Street 6A, New York, NY 10002
