Office Condo Near
For Sale
$749,000
2 Allen Street #6A New York, New York, NY 10002
A compact commercial unit suits professional office use in Manhattan’s Chinatown area.
Property Size736 SF
Price / SF$1,017
Days on Market103
Property Features for 2 Allen Street #6A New York
General Information
Standard status
Active
Size
736 SF
Property subtype
Commercial
Site & Location
Neighborhood
Downtown
Public Transit
Yes
Additional Details
Property Use
Office
Taxes and HOA fees
Annual Taxes
$11,483
Building Details
Building Size
736 SF
Year Built
2011
Listed By:
Gail Leone
(914) 723-8228
Source:
Clairedleone
Added: Jul 15
Changed: Oct 23
Last Checked: Oct 23 at 5:46PM
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 Gail Leone
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office condominium contains 736 square feet and was built in 2011. Its compact footprint offers a dedicated setting for office operations, with the condominium format establishing the unit as a separately identified commercial space.
The property is at 2 Allen Street in Manhattan’s Chinatown, a three-minute walk from the East Broadway subway station. The location places the office within the Chinatown area and within walking distance of subway service.
The property is at 2 Allen Street in Manhattan’s Chinatown, a three-minute walk from the East Broadway subway station. The location places the office within the Chinatown area and within walking distance of subway service.
Key Highlights
- 736‑square‑foot office condominium
- Built in 2011
- Three‑minute walk to East Broadway subway station
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.
How Realmo checks its estimates
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
Frequently Asked Questions
What type of property is this?
Office unit - A compact commercial unit suits professional office use in Manhattan’s Chinatown area.
Where is this office unit 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: 736‑square‑foot office condominium; Built in 2011; Three‑minute walk to East Broadway subway station
