FOR SALE

Buy 49 ORCHARD RETAIL with Ethereum

New York, Lower East Side, New York City, NY, US

$3 million (~1,685.4 ETH). RealOpen converts your crypto and wires cash to closing.

Asking
$3,000,000
BTC
47.611
ETH
1,685.39
Beds
0
Baths
100
Home Size
1,995 sq. ft.

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.

Buy any home with your crypto

RealOpen funds the purchase of any home with crypto — anywhere in the U.S., and in a growing list of countries worldwide. You pay with crypto; the seller gets cash at closing.

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Location

Market Area
New York
Neighborhood
Lower East Side

Agents

Jed Klebanow

+1 310 910 1722

Jeffrey L Kessler

+1 310 910 1722

Contact Email

[email protected]