$12,500,000
Updated 6 years ago
Off Market

99 Allen Street

Chinatown, Manhattan | Broome Street & Delancey Street

8,500 Square FeetIncome Property

$12,500,000
floors / apts5 / 16
Lot Size25'x88'4"
Built Size25'x68'
ZoneC6-2A
Building TypeLow-Rise
RE Taxes$165,838
Price Per SF
$1,471

Building Amenities

  • Voice Intercom
  • Bike Storage
  • Courtyard

Property Description for 99 Allen Street

99 Allen Street is an 18 unit building that underwent a first-class, spare no expense gut renovation in 2013 with the highest quality materials and craftsmanship. The building consists of 2 stores and 16 apartments, all of which except one are Free Market. The building is almost fully occupied with a Gross Annual Income of $787,980 and a Net Operating Income $595,193. 99 Allen Street features large living rooms and bedrooms with pristine hardwood floors and exposed brick, stainless steel kitchen appliances, microwave and dishwasher units, and in-unit washer and dryer units conveniently tucked away neatly into closet space. Transportation via the B, D, J, F and Z trains is located nearby. The Lower East Side is one of New York City’s most exciting neighborhoods and houses a diverse variety of restaurants, bars, boutique and vintage shopping and nightlife venues.

Listing History for 99 Allen Street

Now
07/02/2019
POM by Michael F. DeCheser
Cushman & Wakefield
04/24/2019
$12,500,000
Initial Price by Michael F. DeCheser
Cushman & Wakefield

Building Details for 99 Allen Street

OwnershipIncome Property
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Floors/Apts5/16
Learn More About the Building

Transit and Citi Bike

Subway

Delancey St-Essex St
0.15 miles
Grand St
0.16 miles
Bowery
0.19 miles
2 Av
0.32 miles
East Broadway
0.36 miles

Citi Bike

Delancey St & Eldridge St
0.05 miles
Forsyth St & Broome St
0.09 miles

Contact Agents

Contact Agents

Michael DeCheser
Cushman & Wakefield
Mei Ling Wong
Cushman & Wakefield
Andrew Berry
Cushman & Wakefield

Chinatown | Manhattan

Quick Profile

The roots of Chinatown are said to go back as far as 1858, with the arrival of Cantonese businessman, Ah Ken. Ah Ken made his fortune selling cigars and is thought to have set up the first boarding houses for Chinese immigrants.

Vibrant and bustling, in New York City’s Chinatown, you’ll find the biggest population of Chinese people in the Western Hemisphere. Although Chinatown was established mostly by Cantonese speakers, due to an influx of Fuzhounese speaking Chinese immigrants and Mandarin being the official language of China and Taiwan, Mandarin has become vital to the dynamic tableau that is Chinatown.

Centered around Chatham Square and Columbia Park, Chinatown is transportive yet quintessential New York. Traveling the cozy corridors of Chinatown, bask in the varied languages and cultural diaspora, uniquely American and yet universal. Witness the roots of a place where a community was allowed to grow within a community, a world within a world. See it in the statues, architecture, and signage throughout Chinatown. Smell it seeping out from the multitude of dim sum restaurants, noodle houses, and speakeasies that reside here. Pick up a bao and wander the markets for deals and explore the sometimes brutal historic sites. 

Chinatown is developing. Much of the lower-income housing once available in the area are being refurbished and sold. As a result, the community and its demographic makeup are diversifying. 

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 73496TH