$3,000,000
for sale
1,995 ft²
$1,503 per ft²
6 rooms
Studio
0.5+ baths
Condo
- Lower East Side
Sponsor unit
Sponsor unitA unit being sold for the first time. It’s typically owned by the building. For condos, this is often the developer. For co-ops, this is often the building’s original owner before it went co-op.
Listing by Douglas Elliman, Limited Liability Broker, 237 Smith Street, Brooklyn, NY 11231 | Brokerage Listing ID: 23859400
Listing updated in the last 2 days
Common charges
$1,271/mo
Estimated payment
$20,645/mo
Legal disclaimerAll calculations are estimates provided by StreetEasy for informational purposes only. Actual amounts or financing terms may vary. Please contact your mortgage provider for specifics.Taxes
$2,676/mo
Tax abatement
No info
About
Seller’s agent
Description
49 Orchard Street and 48 Allen Street comprise a rare blockthrough retail condominium on the Lower East Side, one of the only properties of this scale with simultaneous frontage on both Orchard Street and Allen Street. The two units together offer 1,995 SF of ground floor retail, plus an additional 584 SF of elevator connected, ADA compliant cellar space on the Allen Street side.
Policies
Smoke-free
Home features
Central air
Hardwood floors
Private outdoor space
Roof rights
Building amenities
Services and facilities
Bike room
Doorman
Virtual
Elevator
Laundry in building
Package room
Wheelchair access
Wellness and recreation
No info on wellness and recreation
Shared outdoor space
Roof deck
About the building
48 Allen Street
48 Allen Street, New York, NY 10002
15 units
6 stories
2023 built
For sale
1 available units for saleFor rent
0 available units for rentDocuments and permits
View documents and permitsProperty history
- Price change: No changes
- Days on market: Listed todayThis is the number of days the listing has been on StreetEasy.
| Date | Price | Event |
|---|---|---|
6/25/2026 | $3,000,000 | Listed by Douglas Elliman |
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Explore Lower East Side
Transit
| Location | Distance |
|---|---|
BDat Grand St | 0.16 miles |
Fat East Broadway | 0.16 miles |
FJMZat Delancey St | 0.2 miles |
FJMZat Essex St | 0.24 miles |
JZat Bowery | 0.27 miles |
About Lower East Side
Rental prices shown are base rent before any fees. Visit listings for cost and fees breakdown.
Sales
Median asking price
Studio
$649K
Rentals
Median asking base rent
Studio
$3,550
The narrow streets of the Lower East Side were once lined with tenement buildings, shirt factories and bialy shops. Although a few vestiges of the neighborhood's immigrant heritage remain, many of the tenement buildings have been updated and now offer relatively affordable rental options to young New Yorkers looking to live right in the thick of Downtown Manhattan.
There's no getting around it - the LES is a major nightlife destination. In this part of the city, last call is late and often negotiable -- especially if you're a regular. On weekend nights, the neighborhood is packed as crowds overflow from the local bars and take to the streets in search of a late-night falafel fix before heading onto the next party. During the day, the neighborhood chills out as residents nurse their hangovers or head to work slowly after stopping at one of the area's many trendy juice bars or coffee shops.


























































