141 Allen Street

Lower East Side

$5,500,000
Price
7
Beds
1
Bath
6,300 Sq. Ft.
$873 / Sq. Ft.
6,300
Sq. Ft.
$873
per Sq. Ft.

Description

This is 6938 SF, Six-story mixed-use walk up building which has 4 residential units and 1 commercial on the 1st floor. It is a very famous Luxury Spa named Mama Spa in the neighborhood for years. The Spa has 3240 Sf from Basement to 1st floor, collecting rent $16,000/month. Residential Units: 2nd floor 2 beds 720SF space $3100/month, 3rd floor 2 beds 720SF plus 315SF outdoor space $3750/month; 4th floor 2 beds 720 SF plus 30SF outdoor space $3600/month; 5th and 6th floor 2 beds 900SF+230SF outdoor...This is 6938 SF, Six-story mixed-use walk up building which has 4 residential units and 1 commercial on the 1st floor. It is a very famous Luxury Spa named Mama Spa in the neighborhood for years. The Spa has 3240 Sf from Basement to 1st floor, collecting rent $16,000/month. Residential Units: 2nd floor 2 beds 720SF space $3100/month, 3rd floor 2 beds 720SF plus 315SF outdoor space $3750/month; 4th floor 2 beds 720 SF plus 30SF outdoor space $3600/month; 5th and 6th floor 2 beds 900SF+230SF outdoor space $4100/month. Total Annual Income: $366,600. Expense: $36,735. Net Return: 6% a year.

Amenities

  • City Views
  • Balcony
  • Common Roof Deck
  • Hardwood Floors
  • Walk Up
  • Video Intercom
  • Basement
  • Midrise

Location

Listing Courtesy of Ashford Homes LLC
Add your commute
LISTING UPDATED: 01/19/2024 03:34 AM

Property Details for 141 Allen Street

StatusActive
MLS ID479256
Days on Market101
Taxes$20,560 / year
Maintenance-
Min. Down Pymt-
Total Rooms7.0
Compass TypeMixed Use
MLS TypeMixed Use
Year Built1899
Lot Size1,400 SF / 20' x 70'
CountyNew York County

Building

141 Allen St

4 Units6 StoriesBuilt in 1899

Location

Listing Courtesy of Ashford Homes LLC
Add your commute

Building Information for 141 Allen Street

Stories6Residences4Year Built1899Lot Size1,400 SF / 20' x 70'Building AgePre-warBuilding TypeTownhouse

Payment Calculator

$31,729 per month

30 year fixed, 7.25% Interest

Principal and Interest

$30,016

Property Taxes

$1,713

Maintenance/Common Charges

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 141 Allen Street

Summary
Location and General Information
  • Block: 415
  • Number Of Stories: 1
  • Cross Street Name: Rivington St
  • Zoning: C4-4A
  • Roof: Flat
Parking
  • Parking Attributes: None
  • Parking Feature Single: None
Taxes and HOA Information
  • Financing: 1031 Exchange, Bank Mortgage, Cash
  • Tax Amount: 20560.0
  • Gross Expense: 36760.0
  • Gross Income: $366,600.00
  • Miscellaneous Expense: 2200.0
  • Cap Rate: .06%
Property
Lot Information
  • Sq Ft Total: 6300
  • Yard: None
  • Lot Number: 24
  • Lot Size Irregular YN: No
  • Lot Size Length: 70
  • Lot Size Width: 20
Property and Assessments
  • Commercial Condo YN: No
Utilities
  • Heat Delivery: Baseboard
  • Heating Fuel: Gas
  • Hot Water: Gas
  • Utility Expense: 1700.0
  • Fuel Expense: 2400.0
Interior and Exterior Features
Interior Features
  • Basement Amenities: Cellar, Finished, Full
  • Commercial Features Interior: Fire Sprinkler, Intercom, Security Alarm
  • Foundation Details: Poured Concrete
  • Flooring: Ceramic, Hardwood
  • Unit Count: 5
  • Lavatories: None
  • Construction Materials: Brick, Masonry
  • Electric: 220 V
Exterior Features
  • Exterior: Brick
  • Commercial Features Exterior: None
Multi Family
Multi-Family Information
  • Building Type: Attached
Unit 1
  • Unit Category: Store
  • Unit Current Rent: 16000.0
  • Unit Date Available: 01-16-2024
  • Unit Room Description: Luxury Spa, basement, 1st floor and 2nd floor
  • Unit Floor: 1
  • Unit Security Deposit Amount: $16,000.00
  • Unit Sq Ftper Unit: 3240.0
  • Unit Status: Leased
  • Unit Unit Type: Retail
Unit 2
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0.0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 1
  • Unit Category: Apt
  • Unit Current Rent: 3100.0
  • Unit Floor: 2
  • Unit Rooms Total: 1
  • Unit Security Deposit Amount: $3,100.00
  • Unit Sq Ftper Unit: 720.0
  • Unit Status: Month-to-Month
  • Unit Unit Type: 1 Bedroom
Unit 3
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 2
  • Unit Category: Apt
  • Unit Current Rent: 3750.0
  • Unit Room Description: 2 beds 1 bath plus 315 SF outdoor space
  • Unit Floor: 3
  • Unit Rooms Total: true
  • Unit Security Deposit Amount: $3,750.00
  • Unit Sq Ftper Unit: 720
  • Unit Status: Month-to-Month
  • Unit Unit Type: 2 Bedrooms
Unit 4
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 2
  • Unit Category: Apt
  • Unit Current Rent: 3600.0
  • Unit Room Description: 2 beds 1 bath plus 30SF outdoor space
  • Unit Floor: 4
  • Unit Rooms Total: true
  • Unit Security Deposit Amount: $3,600.00
  • Unit Sq Ftper Unit: 720
  • Unit Status: Month-to-Month
  • Unit Unit Type: 2 Bedrooms
Unit 5
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 2
  • Unit Category: Apt
  • Unit Current Rent: 4100.0
  • Unit Room Description: 2 beds 1 bath plus 230 SF outdoor space
  • Unit Floor: 5
  • Unit Rooms Total: true
  • Unit Security Deposit Amount: $4,100.00
  • Unit Sq Ftper Unit: 900
  • Unit Status: Month-to-Month
  • Unit Unit Type: 2 Bedrooms
Agent
Agent Information
  • Net Operating Income: 329840.0
Sale and Listing
  • Sale Type: Arm's Length
Rental
Rental Information
  • Insurance Expense: 5500.0
  • Owner Occupied: No

Property History for 141 Allen Street

DateEvent & SourcePriceAppreciationLink
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 141 Allen Street

Taxable ValueLand$526,500Additions$1,016,550Total$1,543,050
Home Facts
Total Finished SqFt6,300 SqFtLot Size1,400 SqFtYear Built1899ZoningC44AAPN1004150024

Schools near 141 Allen Street

This home is within New York City Geographic District # 1.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - PK to 5
Public - PK to 5
Public - PK to 5
Rating
School
Distance
P.S. 142 Amalia Castro
PublicPK to 5

Neighborhood School
PublicPK to 5

S.T.A.R. Academy - PS 63
PublicPK to 5

P.S. 20 Anna Silver
PublicPK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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141 Allen Street is a mixed use property for sale in Lower East Side. This property was listed for sale on January 16, 2024 by Ashford Homes LLC, it's currently listed at $5,500,000. This listing's school district is New York City Geographic District # 1. Nearby schools include P.S. 142 Amalia Castro, Neighborhood School and S.T.A.R. Academy - PS 63. 141 Allen Street is a 7-bed, 1-bath, 6,300 sqft mixed use property built in 1899.

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Listing Courtesy of Ashford Homes LLC

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., All rights reserved. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey® MLS. Information Copyright 2024, OneKey® MLS. All data is deemed reliable but is not guaranteed accurate by Compass. See Terms of Service for additional restrictions. Compass · Tel: 212-913-9058 · New York, NY Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York’s Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., all rights reserved. This information is not guaranteed, should be independently verified and may not reflect all real estate activity in the market. Offers of compensation set forth here are for other RLSParticipants only and may not reflect other agreements between a consumer and their broker.©2024 The Real Estate Board of New York, Inc., All rights reserved.