2 Allen Street 2, New York, NY 10002
Commercial condo in Chinatown, suitable for investors or end-users.
- Added:
- Apr 17, 2024
- Days on Market:
- 785
- Last Refresh:
- May 12 at 10:00 pm
Property Features for 2 Allen Street 2
General Information
- Standard status
- Active
- Size
- 5,000 SF
- Property subtype
- Office, Retail, Special Purpose
Listing agent Ronald Chui License #10401361912
Listing office Momentum Real Estate LLC
Listing date Apr 17, 2024
Source Crexi
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 Momentum Real Estate LLC
HighLights
- Large 5000 sqft commercial condo suitable for office space or investment.
- Prime location in the heart of Chinatown, New York City.
- Corner property with floor‑to‑ceiling windows overlooking Allen St.
- Elevator building.
- Newly built in 2011.
- First time on the market.
Overview
Local Financial Insights For Office B
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 | $257.4k | $51.48 |
| − Vacancy | −$43.8k | −$8.75 |
| EGI | $213.6k | $42.73 |
| − OpEx | −$53.4k | −$10.68 |
| NOI | $160.2k | $32.05 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- New York
- County
- New York
- State
- New York
- Longitude
- -73.992395
- Latitude
- 40.714648
