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49 Orchard Street #RETAIL, Manhattan, NY 10002

Manhattan
Local realty services provided by:CENTURY 21 Awaye Realty
49 Orchard Street #RETAIL,Manhattan, NY 10002
$3,000,000
  • - Beds
  • 101 Baths
  • 1,995 sq. ft.
  • Condominium
  • Active
Listed by: jed klebanow, jeffrey l kessler
Office: douglas elliman real estate
MLS#:RLS20098702
Source:NY_REBNY

Price summary

  • Price:$3,000,000
  • Price per sq. ft.:$1,503.76

About this home

<p>49 Orchard Street and 48 Allen Street comprise a rare block-throughretail condominium on the Lower East Side - one of the onlyproperties of this scale with simultaneous frontage on both OrchardStreet and Allen Street. The two units together offer 1,995 SF ofground-floor retail, with an additional 584 SF of elevator-connected,ADA-compliant cellar space on the Allen Street side.The property is 100% occupied by New Ealam under two leasesexpiring simultaneously in May 2027. At the current asking price of$3,000,000, the in-place cap rate is 6.46% - a strong current-incomeprofile for a Manhattan retail condo in a corridor with near-zerovacancy and demonstrably rising rents.The 2027 lease expiration is the investment thesis. A buyer todaysecures in-place income at 6.46%, with a clear path to mark-to-marketrents or owner-occupancy when both leases roll simultaneously.</p>

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Home facts

  • Listing ID #:RLS20098702
  • Added:1 day(s) ago
  • Updated:June 18, 2026 at 10:57 PM

Rooms and interior

  • Total bathrooms:101
  • Full bathrooms:99
  • Half bathrooms:2
  • Rooms Total:1
  • Basement:Yes
  • Living area:1,995 sq. ft.

Structure and exterior

  • Building area:1,995 sq. ft.
  • Exterior Features:Building Roof Deck

Finances and disclosures

  • Price:$3,000,000
  • Price per sq. ft.:$1,503.76

Features and amenities

  • Appliances:WasherDryerAllowed
  • Laundry features:Washer Dryer Allowed
MLS LogoThis information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. © 2026 The Real Estate Board of New York, Inc., All rights reserved. RLS Data display by Coldwell Banker Warburg This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available. NY_REBNY Member Broker: Arlene Waye

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