Date
Details
Price
Change
Source
6/18/2026
Listed
$3,000,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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Property Description
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.
Full Property Details
Full Property Details for 49 Orchard St #RETAIL
General
- Price: $3,000,000
- HOA FEE: $100/month
- Status: Active
- Type: Apartment
- Source: REBNY
- MLS ID: RLS20098702
- Updated: 6/25/2026
- Added to Site: 27 day(s) ago
Interior
- Number of Rooms: 1
- Appliances: Washer Dryer Allowed
Rooms
Bathrooms
- Total Bathrooms: 101
- Full Bathrooms: 99
- Half Bathrooms: 2
Other Rooms
- Laundry: Building Other
Additional Information
- Pool: Yes
- Pool Description: Building None
Exterior
- Exterior Features: Building Roof Deck
Location
- County: New York
- Subdivision: Lower East Side
Community
- Pets Allowed: Yes
Structural Information
- Structure Type: High Rise
- Basement Desc.: Other
- Stories/Levels: 7
- Square Feet: 1,995
- Living Area: 1,995 Sq. Ft.
- Other Struct. Feat.: Bike Storage
Lot Features
- Property View: Other
- Zoning: null
Financial Considerations
- Association Fee: $100
- Assoc Fee Freq.: Monthly
Disclosures and Reports
- Special Conditions: Standard
- Property ID: 0308-1102
- Block: 308
Listing Courtesy of Douglas Elliman Real Estate
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Listing agents
— 49 Orchard St #RETAIL —
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Schools
Schools serving 49 Orchard St #RETAIL
School District:New York City Geographic School District 02
| Name | Grades | Distance |
|---|---|---|
Ps 42 Benjamin Altman 71 Hester Street, New York, NY 10002 | PK-5 | 0 mi |
Ms 131 100 Hester Street, New York, NY 10002 | 6-8 | 0.1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 49 Orchard St #RETAIL
Tax History
Tax History for 49 Orchard St #RETAIL
Year
Property Taxes
Change
Tax Assessment
Change
2025
100%
100%
2024
-100%
-100%
2023
$110,409
4%
$1,042,380
5%
2022
$105,922
117%
$994,950
9%
2021
$48,797
-56%
$912,600
-19%
2020
$111,979
4%
$1,124,550
—
2019
$107,287
6%
$1,124,550
4%
2018
$101,638
6%
$1,080,450
6%
2017
$95,582
—
$1,017,450
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 49 Orchard St #RETAIL
49 Orchard Street #RETAIL, New York City, NY 10002 (MLS# RLS20098702) is a Apartment property with 0 bedrooms, 99 full bathrooms and 2 partial bathrooms. 49 Orchard Street #RETAIL is currently listed for $3,000,000 and was received on June 18, 2026. Want to learn more about 49 Orchard Street #RETAIL? Do you have questions about finding other Apartment real estate for sale in New York City? You can browse all New York City real estate or contact a Coldwell Banker agent to request more information.