4-6 ALLEN STREET, NEW YORK, NY 10002 6-Story, Elevator Commercial Building | FOR SALE

PROPERTY INFORMATION

Block / Lot 294 / 14 Lot Dimensions 61.58' x 19.75' Lot Size 947 Sq. Ft. (Approx.) Building Dimensions 50.7' x 18.9 Stories 6 Units 6 Building Size 5,731 Sq. Ft. (Approx.) Zoning C6-2G FAR 6.02 Buildable Area 5,701 Sq. Ft. (Approx.) Air Rights None Sq. Ft. (Approx.) Tax Class 4 Assessment (19/20) $689,400 Real Estate Taxes (19/20) $72,484

5,731 6 6 CHINATOWN Gross SF Stories Units Location

PROPERTY DESCRIPTION

Ariel Property Advisors presents 4-6 Allen Street, a six-story elevator commercial While Chinatown is a neighborhood that is well known for its rich history and building located on the east side of Allen Street between Canal Street and tradition, it is also an area on the rise. New developments in the immediate Division Street. vicinity of the property include 2 Pike Street, a 14-story office and medical building, and the restoration of the landmarked Jarmulowsky Bank Building The 5,731 square-foot building is comprised of six commercial units with at Nine Orchard Street that is being converted to a boutique hotel. The approximately 40’ of prime retail frontage on Allen Street. The ground floor retail neighborhood is also bolstered by large scale residential developments such as unit is leased to a restaurant tenant, while the remaining five floor-through units the 80-story building at One Manhattan Square. are occupied on month-to-month arrangements allowing for immediate added- value opportunity. 4-6 Allen Street presents a tremendous opportunity for an investor or owner-user to take advantage of the building’s prime central location while capitalizing on its Centrally located in Chinatown, 4-6 Allen Street is accessible via the F, B, and D immediate added-value potential. subway lines located at the East Broadway and Grand Street stations, respectively. Additional commuting options are available via the Williamsburg Bridge, Manhattan Bridge and FDR Drive allowing for access throughout Manhattan and the outer boroughs.

ASKING PRICE: $5,980,000 212.544.9500 arielpa.nyc

For More Information Please Contact Our Exclusive Sales Agents at 212.544.9500 I arielpa.nyc For Financing Info

Howard Raber, Esq. x23 Jiani Zhou x72 Matthew L. Gillis x42 Victor Sozio x12 Matthew Lev x5271 Matthew Swerdlow x56 [email protected] [email protected] [email protected] [email protected] [email protected] [email protected]

The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee the accuracy of any information provided herein. As an example, all zoning information, buildable footage estimates and indicated uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example, and does not necessarily relate to actual vacancy, if any. The value of this prospective investment is dependent upon these estimates and assumptions made below, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. The prospective buyer should carefully verify each item of income, and all other information contained herein. 18 December 2019 8:14 pm Bx7 to Riverdale/ 1 263 St via BRIDGE BROADWAY Riverdale Av Bx20 to

HENRY HUDSON BRIDGE 9 AV Riverdale/ 246 St via BAKER Henry Hudson Pkwy INWOOD HILL FIELD NATURE CENTRE

W 215 ST 1 INWOOD HILL PARK TERR WEST PARK ISHAM PARK

INWOOD 207 ST ISHAM ST TENTH AV TENTH

A W 207 St UNIVERSITY 207 St HEIGHTS DYCKMAN 1 NOUSE W 204 ST BRIDGE

DYCKMAN ST SEAMAN AV Bx12 to Bay Plaza ACADEMY ST VERMILYEA AV SHERMAN AV via Fordham Rd. and A BROADWAY Pelham Pkwy THE (To Orchard Beach summers only) CLOISTERN DYCKMAN MUSEUM ST W 201 ST 1

ELLWOOD ST

RIVER SIDE DRIVE

PETER JAY SHARP FORT BOATHOUSE TRYON HILLSIDE AV PARK

1 W 191 ST FORT GERGEAV

A W 190 ST HENRY HUDSON PARKWAY W 190 ST

OVERLOOK TERRACE

FORT WASHINGTON AV W 186 ST BENNETT AV

YESHIVA UNIVERSITY

CABRINI BLVD BROADWAY

1 181 ST

WADSWORTH AV WADSWORTH WASHINGTON A W 181 ST BRIDGE W 180 ST

W 179 ST

W 178 ST Bx3 Riverdale FORT W 179 ST 238 St - Bway W 178 ST W 177 ST WASHINGTON GRORGE WASHINGTON Bx11 to West PARK BRIDGE BUS STATION Farm Rd via 170 St Bx13 to Yankee W 175 ST Stadium via A HIGHBRIDGE Odgen Av PARK Bx35 to West GEORGE WASHINGTON BRIDGELITTLE RED Farms Rd via 167 St

LIGHTHOUSE AV AUDUBON

BROADWAY Bx36 to Olmstead Av/Randall Av

HARLEM RIVER DR

AMSTERDAM AV AMSTERDAM HAVEN AV

ST NICHOLAS AV NICHOLAS ST via 180 St

RIVERSIDE DR 1 A C W 168 ST Washington hts 168 St

FORT WASHINGTON AV W 166 ST

W 165 ST

MORRIS-JUMEL W 163 ST MANSION C 168 ST Amsterdam Av

RIVERSIDE DR

HARLEM RIVER DRIVE

D RIVERSIDE DR B 1 W 157 ST 157 ST EDGECOMBEAV MACOMBS B D DAM BRIDGE W 155 ST Bx6 to Hunts AUDUBON C Pt Food Ctr via TERRACE 155 ST Yankee Stadium

ST NICHOLAS AV JACKIE ROBINSON HARLEM RIVER DR PARK Harlem 148 St W 150 ST W 150 ST

3 BROADWAY

AMSTERDAM AV AMSTERDAM

W 147 ST W 147 ST BRADHURST AV BRADHURST A C AV EDGECOMBE

145 ST W 146 ST 2 FREDERICK DOUGLASS BLVD DOUGLASS FREDERICK 1 B D 145 ST BRIDGE W 145 ST W 145 ST Bx19 to Botanical 3 Garden via 145 ST Southern Blvd W 143 ST

RIVERBANK ST NICHOLAS AV STATE PARK W 139 ST W 139 ST HAMILTON PL

CONVENT AV CONVENT MADISON AV BRIDGE

W 137 ST W 137 ST METRO NORTH 1 135 ST SCHOMBURG 4 137 ST CITY B C CITY COLLEGE CENTRE 5 COLLEGE WESLEY WILLIAMS PL W 135 ST 6 W 135 ST 2 3 135 ST ST NICHOLAS PARK Bx15 from

RIVERSIDE DR RIVERSIDE Fordham Plaza W 131 ST 3 AV BRIDGE

W 130 ST Bx15 to Fordham

LENOX AV LENOX Plaza via Third Av 125 ST W 129 ST 1

DR MARTIN LUTHER KING BLVD AVENUE) (7 BLVD JR POWELL CLAYTON ADAM WILLIS AV BRIDGE METRO A C 4 5 ROBERT F. KENNEDY BRIDGE NORTH B D APOLLO 125 ST 6 E 126 ST 125 ST THEATRE 2 3 125 St ROBERT F. KENNEDY BRIDGE DR MARTIN LUTHER KING BLVD Q Т E 125 ST PARK

RIVERSIDE E 124 ST STUDIO PALADINO AV BROADWAY MUSEUM MARCUS

GRANT’S AV CLARENONT W 122 ST IN HARLEM GARVEY TOMB PARK

ST NICHOLAS AV

1 AV 1 MT MORRIS PARK W PARK MORRIS MT

W 120 ST ST E 120 ST 2 AV 2 NICHOLAS AV 3

COLUMBIA MORNINGSIDEAV MADISON AV MADISON PARK AV PARK 118 ST

UNIVERSITY AV MANHATTAN ICAHN

117 St 116 St 6 5 AV 5

B C 2 3 AV PLEASANT STADIUM

AMSTERDAM AV AMSTERDAM W 116 ST E 116 ST W 116 ST 1 AV LEXINGTON 116 St MORNINGSIDE Columbia PARK W 116 ST A

University V FREDERICK DOUGLASS BLVD DOUGLASS FREDERICK

W 113 ST JEFFERSON CATHEDRAL W 112 ST E 112 ST PARK Cathedral Central Park Cathedral OF ST JOHN North (110 St) Pkwy (110 St) Pkwy (110 St)

2 3 THE DIVINE DR MORNINGSIDE 1 B C E 110 ST E 110 ST 6 WARD’S DANA DISCOVERY 110 ST

BROADWAY CENTRAL ISLAND HARLEM RIVERSIDE MEER DUKE ELINGTON BLVD W 106 ST LASKER E 106 ST E 106 ST PARK Q Т RINK E 105 ST

W 105 ST EL MUSEO DEL FDR DRIVE FDR W 104 ST BARRIO E 104 ST MUSEUM OF THE 6 ROBERT F. KENNEDY BRIDGE W 103 ST 1 W 103 ST B C 103 ST 103 ST 103 ST CITY OF NEW YORK E 102 ST

RIVERSIDE DR RIVERSIDE W 101 ST NORTH E 100 ST W 100 ST MEADOW M60 LaGuardia 5 AV 5 Airport

W 97 ST W 97 ST E 97 ST

W 96 ST E 96 ST E 96 ST 96 ST B C Q Т 1 2 96 ST 6 96 ST 3 E 94 ST

JEWISH MUSEUM E 92 ST

BROADWAY 1 AV 1 RESERVOIR AV 2 E 91 ST W 91 ST AV 3

COOPER-HEWITT AV PARK

LEXINGTON AV LEXINGTON MADISON AV MADISON

WESTEND AV WESTEND MUSEUM

NATIONAL ACADEMY E 89 ST

CENTRAL PARK WEST PARK CENTRAL GRACIE COLUMBUS AV COLUMBUS MUSEUM AMSTERDAM AV AMSTERDAM MANSION GUGGENHEIM 86 ST W 87 ST MUSEUM 4 5 Q Т 6 CARL W 86 ST E 86 ST SCHURZ 86 ST B C PARK 1 86 ST GREAT E 84 ST CHILDREN’S W 83 ST LAWN E 83 ST E 83 ST MUSEUM OF 81 St - Museum of Natural History METROPOLITAN MANHATTAN AV YORK B C MUSEUM AV END EAST W 81 ST OF ART HAYDEN BELVEDERE CASTLE PLANETARIUM NATURE CENTRE E 80 ST 79 ST BOAT W 79 ST AMERICAN E 79 ST E 79 ST MUSEUM OF BASIN 1 AV 5 NATURAL JOHN RIVERSIDE DR RIVERSIDE 79 ST HISTORY W 77 ST E 77 ST JAY 6 PARK NEW-YORK 77 ST HISTORICAL SOCIETY WHITNEY W 75 ST MUSEUM E 75 ST LAKE 72 ST 1 2 AV LEXINGTON Q Т Q102 to Astoria B C E 72 ST 3 W 72 ST E 72 ST 27 Av - 2St ASIA SOCIETY E 71 ST FRICK 68 St E 70 ST

W 70 ST AV 3 BROADWAY COLLECTION Hunter

College MAIN ST 6 E 68 ST

HUNTER COLLEGE FDR DRIVE

AMERICAN SHEEP E 67 ST FREEDOM PL FREEDOM RIVERSIDE BLVD RIVERSIDE FOLK ART MEADOWN W 66 ST W 66 ST ROCKEFELLER MUSEUM1 E 65 ST

W 65 ST UNIVERSITY

YORK AV YORK

MADISON AV MADISON 1 AV 1 66 St Lincoln Ctr AV 2 LINCOLN CENTRAL PARK ZOO AV PARK F 63 ST CENTRE E 63 ST E 63 ST WOLLMAN RINK Lexington F F Av / 59 St ROOSEVELT Lexington W 62 ST A C 59 St POND N Q ISLAND N Q Q32 to Jackson Heights Columbus 5 Av / 59 St Av / 63 St R E 61 ST R B D Circle N Q TRAMWAY 81 St - Northen Blvd 1 E 60 ST E 60 ST R ED KOCH QUEENSBORO BRIDGE Q30 to Jamaica FORDHAM 109 Av - 157 St

AMSTERDAM AV AMSTERDAM E 59 ST WESTEND AV WESTEND UNIVERSITY COLUMBUS 59 St CIRCLE Q N Q101 to Astoria W 58 ST 4 5 F57 ST 19 Av - Hazen St JOHN JAY R 6 E 57 ST E 57 ST W 57 ST COLLEGE W 57 ST W 57 ST CARNEGIE HALL HUDSON E 55 ST RIVER Lexington PARK B D MUSEUM OF Av / 53 St W 54 ST E M DE WITT E MODERN ART AV PARK W 53 ST E 53 ST E 53 ST CLINTON W 53 ST E M

E M 7 AV 7 PARK AV 8 5 Av / 53 St 6 51 St PIER 92 C E 1 RADIO CITY E 50 ST PIER 90 W 50 ST W 50 ST E 49 ST PASSENGER SHIP W 49 ST W 49 ST TERMINAL 49 St N Q B D ROCKEFELLER E 48 ST

INTREPID V R F M CENTER E 47 ST

A W 47 ST SEA-AIR-SPACE 47-50 Sts GRAND

2 Rockefeller Ctr

MUSEUM 1 42 St W 46 ST CENTRAL

PIER 86 Port Authority TERMINAL

9 AV 9 10 AV 10

11 AV 11 Bus Terminal W 45 ST B D PIER 84 Grand A C AMERICAS THE OF AVENUE UNITED Times Sq E 44 ST NY WATER TAXI W 44 ST TIMES SQUAREF M Central E 42 St 5 Av 42 St NATIONS 7 1 2 42 St METRO PIER 83 W 43 ST 7 Bryant 7 7 3 Park NORTH CIRCLE LINE E 42 ST W 42 ST Times Sq NEW YORK PIER 81 S 4 5 E 41 ST WORLD YACHT W 41 ST N R 42 St PUBLIC FDR DRIVE 6 PORT Q S LIBRARY W 40 ST AUTOHORITY W 39 ST BUS TERMINAL BROADWAY PIER 79 E 38 ST

FERRIES TO W 38 ST

PARK AV PARK

3 AV 3

1 AV 1 2 AV 2 NEW JERSEY PIER 78 AV 6 JAVITS W 37 ST AV LEXINGTON E 34 St PIER 1 2 B D F AV MADISON E 36 ST East River Ferry CENTRE W 36 ST 34 St Penn Station 3 M N Q MORGAN NY Water Taxi W 35 ST A C 34 St R34 St LIBRARY Ferries to NJ 12 AV 12 Herald Sq E Penn Station E 34 ST W 34 ST EMPIRE STATE W 34 ST 33 ST PATH BUILDING HERALD 6 E 33 ST W 33 ST HELIPORT LIRR NJ SQUARE LIRR, AMTRAK W 32 ST AMTRAK, NJ TRANSIT W 32 ST TRANSIT W 31 ST AMTRAK W 31 ST MADISON PENN W 30 ST W 30 ST SQUARE STATION W 30 ST GARDEN E 29 ST W 29 ST 28 St M34A 1 W 28 ST 28 St 6 E 28 ST

W 28 ST AV 7

8 AV 8

9 AV 9 10 AV 10 11 AV 11 28 St M15 N R WATERSIDE W 27 ST FASHION E 26 ST PLAZA W 26 ST INSTITUTE OF W 26 ST TECHNOLOGY MADISON E 25 ST W 25 ST

12 AV 12 AV 6 SQUARE 23 St 23 St PARK 23 St E 24 ST W 24 ST LINE HIGH W 24 ST C E F M PATH 6 E 23 ST W 23 ST W 23 ST E 23 ST BARUCH 1 N R COLLEGE 23 St PETER COOPER 23 St PIER 63 VILLAGE FDR DRIVE NY WATER TAXI W 21 ST BROADWAY GRAMERCY W 20 ST PARK E 20 ST E 20 ST CHELSEA W 19 ST

PIERS W 18 ST 1 W 18 ST SOUTH AV PARK E 18 ST 18 St W 17 ST STUYVESANT UNION STUYVESANT TOWN W 16 ST SQUARE E 16 ST SQUARE 14 St PARK PARK A C E F M 14 St PATH

WEST ST WEST W 14 ST W 14 ST E 14 ST 14 St L L 8 Av 1 2 L N Q 4 5 L L 6 14 St 3 Avenue 1 Avenue HIGH LINE 3 6 Av R Union Sq GREENWICH AV

ELEVATED 8 AV L AVENUE C AVENUE

BWAY E 11 ST 2 AV 2 4 AV 4 AV 3 PARK ABINGDONSO 14 St AV 1 Union Sq PATH AV 5 GREENWICH ST E 10 ST

BANK ST UNIVERSITY PL JANE ST W 9 ST E 9 ST TOMPKINS EAST W 11 ST SQUARE W 8 ST E 8 ST ST MARKS PL PARK RIVER BETHUNE ST D AVENUE PERRY ST 8 St - NYU 6 E 7 ST PARK N R Astor Pl CHARLES ST A C E AV 6 WASHINGTON THE B D F SQUARE COOPER W 10 ST NYU UNION E 5 ST M W 4 St W 4 ST PARK

1 AVENUE A AVENUE E 4 ST B AVENUE Christopher St W 3 ST

PATH CHRISTOPHERSheridan ST Sq LAFAYETTE ST E 3 ST WEST ST WEST

HUDSON ST E 2 ST 7 AV S AV 7 4-6 ALLEN STREET, NEW YORK, NYBLEECKER 10002 ST Bleecker St E HOUSTON ST PIER 45 6 E 1 ST COLUMBIA ST

SULLIVAN ST T AV OF THE AMERICAS MAC DOUGAL ST THOMPSON ST 6-Story, Elevator Commercial Building | FOR SALE LA GUARDIA PL FDR DRIVE NY WATER TAXI TON S MOR WHOSTON ST F STANTON ST T CLINTON ST

SUFFOLK ST PATH OY S 2 Avenue NORFOLK ST LER B D Broadway- Lafayette St ESSEX ST 1 Prince St F M WHOSTON ST PRINCE ST RIVINGTON ST WILLIAMSBURG BRIDGE Houston St N R J Z East side of Allen Street betweenWASHINGTON ST N DELANCEY ST M

LEWIS ST S ST CHRYSTIE

Canal Street and Division Street. Canal Street BOWERY BROADWAY PIER 40 SPRING ST 6 PITT ST

MOTT ST MOTT F M

Spring St ST MULBERRY C E J Z Delancey St SPRING ST Spring St J Z Essex St BROOME ST BROOME ST GRAND ST Bowery JACKSON ST 294 W BROADWAY B D LUDLOW ST CANAL ST ORCHARD ST Block HUDSON GRAND ST Grand St CHERRY ST RIVER 1 ELDRIDGE ST A C E ALLEN ST East Canal St PARK Canal St Broadway CLINTON ST MONTGOMERY ST

Allen Street Allen Canal St Canal St VARICK ST Canal St F

14 R 6 CENTRE ST E BROADWAY WEST ST WEST VESTRY ST J Z Lot Street Orchard N Q CANAL ST MADISON ST Canal St RUTGERS ST

61.58’ X 19.75’ 1 Subject Property Lot Dimensions DIVISION ST FRANKLIN ST

LAFAYETTE ST WORTH ST HARRISON ST

947 CHURCH ST CATHERINE ST Lot Area SF 1 2 A C Division Street J Z F 3 W BROADWAY CHERRY ST MANHATTAN BRIDGE NELSON PARK ROW ROCKEFELLER CHAMBERS ST PARK 4 5 6 ST JAMES PL B D N.END AV R N Q RIVER TERRAE 2 3 SOUTH STREET CURRENT ROLL MURRAY ST FRANKFORT ST EXPENSES (ESTIMATED) SEAPORT Real Estate Taxes (19/20) $72,484 Scheduled Gross Income: VESEY ST $253,200 BROOKLYN BRIDGE A C Tax Reimbursements ($13,000) GOLD ST

4 5 PEARL ST Less Vacancy Rate Reserve (5.00%): ($12,660) 2 3 ElevatorPEARL ST Maintenance $5,000 FRONT ST J Z Water & Sewer $2,866 LIBERTY ST R Gross Operating Income: CORTLANDT$240,540 ST Insurance $2,866 Fuel $2,700

ALBANY ST PL TRINITY

BROADWAY Less Expenses: SOUTH END AV ($80,131) 32% of SGI Legal/Miscellaneous A $2,405 R 2 3 C WATER ST

RECTOR ST 1 J ManagementSOUTH ST $4,811 4 WALL ST Net Operating Income: $160,409 Z 5 GROSS OPERATING EXPENSES $80,131 W THAMES ST GREENWICH 2 3

WEST ST 4 BROAD ST BATTERY PL 5 RENT ROLL PEARL ST 1 PL R TOTAL STATE ST ACTUAL/ RENT MONTHLY EXPIRATION UNIT TYPE R SF PROJECTEDWHITEHALL ST $/SF RENT DATE 1 Restaurant 955 Actual $79 $6,250 4/1/2024 BATTERY 4 5 2 Office 955 PARK Actual $38 $3,000 Mo.-To.Mo. 3 Office 955 1 Actual $38 $3,000 Mo.-To.Mo. 4 Office 955 Actual $38 $3,000 Mo.-To.Mo. 5 Spa 955 Actual $36 $2,850 Mo.-To.Mo. 6 Office 955 Actual $38 $3,000 Mo.-To.Mo. TOTAL MONTHLY INCOME $21,100 TOTAL ANNUAL INCOME $253,200

ASKING PRICE: $5,980,000 212.544.9500 arielpa.nyc

For More Information Please Contact Our Exclusive Sales Agents at 212.544.9500 I arielpa.nyc For Financing Info

Howard Raber, Esq. x23 Jiani Zhou x72 Matthew L. Gillis x42 Victor Sozio x12 Matthew Lev x5271 Matthew Swerdlow x56 [email protected] [email protected] [email protected] [email protected] [email protected] [email protected]

The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee the accuracy of any information provided herein. As an example, all zoning information, buildable footage estimates and indicated uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example, and does not necessarily relate to actual vacancy, if any. The value of this prospective investment is dependent upon these estimates and assumptions made below, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. The prospective buyer should carefully verify each item of income, and all other information contained herein. 18 December 2019 8:14 pm