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    2 Allen St 2 New York, NY 10002

    Sponsored
    For Sale
    $4,500,000

    5,000 SF Office/Retail Condo in NYC

    Property size:
    5,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional commercial condo, located at 2 Allen Street in the vibrant heart of New York City's Chinatown, presents a unique investment opportunity. Priced at $4,500,000, this 5,000 square foot property boasts a prime corner location on the second floor of a 2011-built elevator building. The unit features stunning floor-to-ceiling windows offering expansive views overlooking Allen Street, creating a bright and airy atmosphere. With a spacious 5,208 square foot lot, the building offers ample space and potential for various uses. The high ceilings, ranging from 8 to 10 feet, add to the sense of openness and versatility. Previously utilized as an adult day care center, this adaptable space is ideal for a wide range of commercial ventures, making it an attractive option for both investors and end-users seeking substantial office space in a highly desirable location. This is a rare opportunity, as this property is being offered for sale for the first time since its construction. The building's convenient location in Chinatown, combined with its modern amenities and impressive size, makes this a truly exceptional offering. Don't miss this chance to acquire a remarkable commercial property in one of New York City's most dynamic neighborhoods.

    Property Features for 2 Allen St 2

    General Information

    Property type
    Retail properties
    Square Feet
    5,000 SF

    Building Details

    Units
    1

    HighLights

    • $4,500,000 asking price.
    • 5,000 square foot commercial condo.
    • Located in Chinatown, Manhattan, NY.
    • Corner unit with floor‑to‑ceiling windows.
    • Previously used as an adult day care center.
    • Elevator building, built in 2011.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lan's Services Travel Agency Allen Street Pharmacy Pharmacy Dr. Min Song, ... Internist JAN Renovation Contractor 今第建筑设计 Architecture Firm

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Food Market Clothing Store Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York (Manhattan)
    State
    New York
    Longitude
    -73.9922948
    Latitude
    40.7145779

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    FAQs

    What type of property is this?
    Retail property - 5,000 SF Office/Retail Condo in NYC
    Where is this retail property located?
    The property is located at 2 Allen St 2 New York, NY.
    What is the asking price?
    The asking price for this property is $4,500,000.
    What are key features of this property?
    This property features: $4,500,000 asking price.; 5,000 square foot commercial condo.; Located in Chinatown, Manhattan, NY.
    Request Owner's contact information
    2 Allen St 2 New York, NY 10002
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2 Allen St 2 New York, NY 10002
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