Marcus & Millichap - Tri Borough Multi-Family

141 Allen Street

141 Allen Street
Lower East Side, Manhattan

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Price: $4,900,000
Building Size: 6,938 Square Feet
Property Type: Mixed-use
Exclusive Listing Team:
Property Status: Active

Investment Overview

Marcus & Millichap is pleased to offer 141 Allen Street, located between Rivington Street and Delancey Street in the Lower East Side section of Manhattan, New York.

The subject property 141 Allen Street is a six-story mixed use building that consists of one retail unit and four residential units. The property is built 20 feet by 70 feet on the lower retail, upper retail and second floors, 20 feet by 40 feet on the third through fifth floors, 20 feet by 13 feet on the sixth floor and sits on a 20 foot by 70-foot lot with approximately 6,938 gross square feet. The property is zoned C4-4A (Block: 00415, Lot: 0024).

This property offers investors, end users and developers the rare opportunity to acquire a fully free market, tax class 2A, mixed use asset in the Lower East Side section of Manhattan, New York

Investment Highlights

  • Rare Prime Allen Street Mixed Use Building
  • Close Proximity to “F” “M” and “J” “Z” Subway Lines
  • Protected Tax Class 2A
  • Built in 2004 | Alt-1 of Former 2-Story Commercial Building
  • Four Free Market Apartments
  • Approximately 2,880 SF of Vacant Retail Space
  • Steps from The Bowery and Rivington Retail Corridor
  • A Few Blocks to Sara D. Roosevelt Park and Essex Crossing