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$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.
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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

/

Jed Klebanow

Licensed Real Estate Salesperson

Douglas Elliman

Jeffrey Kessler

Licensed Associate Real Estate Broker

Douglas Elliman

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

Condo building inLower East Side

15 units

6 stories

2023 built

Property history

  • Price change: No changes
  • Days on market: Listed todayThis is the number of days the listing has been on StreetEasy.
DatePriceEvent

6/25/2026

$3,000,000

Listed by Douglas Elliman

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Explore Lower East Side

Transit

LocationDistance

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.

Learn more about Lower East Side