49 ORCHARD Street RETAIL
$3,000,000
MLS# RLS20098702 · Lower East Side
Listed June 18, 2026 · 146 days on the market
0 Beds 100 Baths 1,995 Sq.Ft.
About This Property
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.
Agent's Note
From Curtis Bain. Details about the apartment are drawn from the listing information provided through RLS by Douglas Elliman Real Estate.
At 1,995 square feet, this retail condominium runs through the block with frontage on both Orchard Street and Allen Street, since 48 Allen Street is part of the same property. It's a single space that works from two streets, which is the first thing I'd note about it.
The property is leased to one tenant under two leases that both expire in May 2027. That timing shapes everything else about the property, so anyone considering it should read those leases closely with an attorney before deciding.
It's a condominium, so the ownership arrangement is set up differently than a co-op, which is worth understanding early. Building-specific rules and expenses still need review.
The Grand Street station on the B and D is about 5 minutes on foot, and Delancey Street-Essex Street on the F, J, M and Z is about 6 minutes. Seward Park is about 3 minutes away and Sara D. Roosevelt Park about 4 minutes.
The building has a bike room and a roof deck. The listing notes a view, pets are allowed, and washers and dryers are allowed. Dirt Candy, a restaurant about 3 minutes away, is one of the closer places to eat if you're in the area for the day.
Quick answers+
Does the building have a roof deck?
Yes. The building has a roof deck and a bike room.
Are pets allowed?
Yes. Pets are allowed.
Are washers and dryers allowed in the unit?
Yes. Washers and dryers are allowed.
Curtis Bain
Brown Harris Stevens
Property Features
Policies
- Pets allowed
Home features
- Washer/dryer allowed
- View
Building amenities
Services and facilities
- Bike room
Outdoor space
- Roof deck
Estimate
Monthly Cost & Closing Costs
The rate is a placeholder, not a quote. Enter the one your lender gives you.
$15,270 / month
- Principal and interest$15,170
- Common charges$100
Due at closing
- Down payment (20%)$600,000
- NYS “mansion tax” (1.5%)$45,000
- Mortgage recording tax (1.925%)$46,200
Not included: attorney, title insurance, lender and appraisal fees, board application and move-in fees, flip tax and prepaid items. Estimates only, based on the published New York State rates. Your attorney and lender will confirm the real figures.
About the Building
49 Orchard Street is a 5-story walk-up apartments in Lower East Side, completed in 1910 and home to 11 residential units.
The closest subway is Grand St (B, D), about a 5-minute walk. Seward Park is roughly 3 minutes away on foot.
Compiled from NYC public records and open data.
- Year Built
- 1910
- Stories
- 5
- Units
- 11
- Building Type
- Walk-Up Apartments
Location & Nearby
Map
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49 ORCHARD Street RETAIL
Subway
- BDGrand StAbout 5 min walk
- FEast BroadwayAbout 5 min walk
- FJMZDelancey St-Essex StAbout 6 min walk
- JZBoweryAbout 8 min walk
Parks
- Seward ParkAbout 3 min walk
- Sara D. Roosevelt ParkAbout 4 min walk
- Little Flower PlaygroundAbout 8 min walk
Public schools · Elementary schools
- P.S. 42 Benjamin AltmanAbout 1 min walk
- P.S. 2 Meyer LondonAbout 6 min walk
- P.S. 124 Yung WingAbout 7 min walk
Middle schools
- M.S. 131About 3 min walk
- University Neighborhood Middle SchoolAbout 9 min walk
High schools
- Urban Assembly Academy of Government and Law, TheAbout 3 min walk
- Essex Street AcademyAbout 3 min walk
Colleges & universities
- IE New York CollegeAbout 19 min walk
- The New York Acad of ArtAbout 21 min walk
- Pace UniversityAbout 21 min walk
- The Cooper UnionAbout 21 min walk
Museums
- Kehila Kedosha Janina Synagogue and MuseumAbout 4 min walk
- Museum at Eldridge StreetAbout 4 min walk
- Lower East Side Tenement MuseumAbout 4 min walk
- Italian American MuseumAbout 10 min walk
Walking times are estimates. Schools shown are the nearest public and charter schools and are not zone assignments; a nearby school is not necessarily the one an address is zoned for. Confirm zoning with the NYC Department of Education. Sources: MTA, NYC Parks and NYC Department of City Planning open data.
The Neighborhood
About Lower East Side
A culturally vibrant neighborhood where contemporary luxury meets authentic downtown character.
Walkability
10/10
Public transit
9/10
Schools
6/10
Dining
10/10
Groceries & parks
7/10
Schools in Lower East Side
A growing network of community-focused schools with improving options for families.
Private schools in the area include The Lower East Side Girls Club School.
Similar homes in Lower East Side
Gallery
Property Photos
Listing Courtesy of Douglas Elliman Real Estate
This 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.