Storefront Retail Condominium with Dual
For Sale
$3,000,000
49 ORCHARD Street RETAIL, New York City, NY 10002
Ground-floor retail and an elevator-connected, ADA-compliant cellar provide block-through access on both streets.
Property Size1,995 SF
Price / SF$1,503
Days on Market44
Property Features for 49 ORCHARD Street RETAIL
General Information
Standard status
Active
Size
1,995 SF
Property subtype
Apartment
Occupancy
100%
Financials
Asking Price
$3,000,000
Cap Rate
6.46%
Additional Details
Floor
Ground
Building Details
Building Size
1,995 SF
Listing Agency:
Douglas Elliman Real Estate
(646) 248-2136
Listed By:
Jed Klebanow · License #10401277894
(646) 248-2136
Source:
Howardhannanyc
Added: Jun 18
Changed: Jul 31
Last Checked: Jul 31 at 11:33AM
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 Douglas Elliman Real Estate
Investment Insights
Based on property information with market context.
49 Orchard Street and 48 Allen Street comprise a block-through storefront retail condominium on the Lower East Side with simultaneous frontage on both streets. The two units together include 1,995 SF of ground-floor retail plus an additional 584 SF of elevator-connected, ADA-compliant cellar space on the Allen Street side.
The property is 100% occupied by New Ealam under two leases that expire simultaneously in May 2027. The in-place cap rate is 6.46%, reflecting the current rental performance through the next lease roll.
For a buyer seeking in-place income today with a defined transition point, the May 2027 expiration is the key timing feature tied to both leases rolling simultaneously.
The property is 100% occupied by New Ealam under two leases that expire simultaneously in May 2027. The in-place cap rate is 6.46%, reflecting the current rental performance through the next lease roll.
For a buyer seeking in-place income today with a defined transition point, the May 2027 expiration is the key timing feature tied to both leases rolling simultaneously.
Key Highlights
- Block‑through storefront retail condominium with simultaneous frontage on both streets
- 1,995 SF of ground‑floor retail plus 584 SF elevator‑connected, ADA‑compliant cellar
- 100% occupied by New Ealam under two leases
Property Analytics
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
25,507
Businesses Nearby
16k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 94%
Dining 6%
Citibank
Shops & Services
15,431 visits/mo
0.3 miles
Domino's Pizza
Dining
1,000 visits/mo
0.4 miles
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 Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Ground-floor retail and an elevator-connected, ADA-compliant cellar provide block-through access on both streets.
Where is this storefront property located?
The property is located at 49 ORCHARD Street RETAIL New York City, NY.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: Block‑through storefront retail condominium with simultaneous frontage on both streets; 1,995 SF of ground‑floor retail plus 584 SF elevator‑connected, ADA‑compliant cellar; 100% occupied by New Ealam under two leases
