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    Retail Space On Allen St New York, NY 10002

    For Lease
    $88 SF/Yr

    1,500 SF Restaurant Space, Immediate Occupancy

    Lot size:
    1,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional 1,500 square foot retail space is ideally situated on Allen Street in New York City's vibrant Lower East Side. The ground floor location offers immediate occupancy in a single-tenant building within New York County. The space is perfect for a restaurant, with existing venting already in place, although all uses will be considered. A full basement adds significant storage or expansion potential. The monthly rent is $11,000, translating to $8 per square foot. The lease term is negotiable. The property is offered as-is. Please note that all dimensions are approximate

    Property Features for 0 Retail Space On Allen St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,500 SF

    Unit(s) available at that property

    Space
    Size
    1,500 SF
    Rate per SF
    $88

    HighLights

    • 1,500 SF retail space on Allen Street in NYC's Lower East Side.
    • Ground floor, single‑tenant building, immediate occupancy.
    • Existing venting, suitable for restaurant (all uses considered).
    • Full basement for storage/expansion.
    • $11,000/month rent ($8/SF), negotiable lease terms.
    • Property offered as‑is.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.9891357
    Latitude
    40.7225081

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    FAQs

    What type of property is this?
    Restaurant - 1,500 SF Restaurant Space, Immediate Occupancy
    Where is this restaurant located?
    The property is located at Retail Space On Allen St New York, NY.
    What is the lease rate?
    The lease rate is $88 SF/Yr.
    What are key features of this property?
    This property features: 1,500 SF retail space on Allen Street in NYC's Lower East Side.; Ground floor, single-tenant building, immediate occupancy.; Existing venting, suitable for restaurant (all uses considered).
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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
    Retail Space On Allen St New York, NY 10002
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