--- title: "49 ORCHARD Street #RETAIL, New York City, NY 10002" description: "49 ORCHARD Street #RETAIL, New York City, NY 10002 — Lower East Side, New York City, NY. Listing Price $3,000,000. Studio bed, 101 bath, 1,995 sqft Illustrative Buyer Commission Share of $45,000 at closing, based on a 3% buyer-broker commission." url: "https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10002/49-orchard-street-retail-RETAIL-ny-10002" source: "Real Estate Rebate Team" status: "Active" --- # 49 ORCHARD Street #RETAIL, New York City, NY 10002 Lower East Side, New York City, NY Courtesy of Douglas Elliman Real Estate ## At a Glance - **Listing Price**: $3,000,000 - **Beds**: Studio - **Total Baths**: 101 - **Sqft**: 1,995 - **Common Charges**: $100 / mo - **Price per Sqft**: $1,504 - **Brokerage Fee**: Share Eligible ## The Private Brokerage Advantage As an independent luxury buyer representative, Régis shares 50% of the buyer-side commission he actually receives on your purchase. Eligible buyers receive that Buyer Commission Share directly at closing to offset closing costs, down payments, or renovations. The figures below are illustrative, based on a **3% buyer-broker commission**; your share follows the commission offered on the transaction. - **Contract Purchase Price**: $3,000,000 - **Illustrative Buyer Commission Share**: -$45,000* - **Illustrative Net Cost**: $2,955,000 *Illustrative Buyer Savings of $45,000 — 50% of a 3% buyer-broker commission, shared at closing.* [Request a private tour](https://realestaterebatesnewyork.com/contact) · [Estimate your Buyer Commission Share](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) ## Photos (10) ![49 ORCHARD Street #RETAIL, New York City, NY 10002 — photo 1 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/1b5c082c-d5d2-4067-ab33-959a26791657.jpg) ![49 ORCHARD Street #RETAIL, New York City, NY 10002 — photo 2 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/b3b4a569-d565-4270-a359-d287cdff5d7b.jpg) ![49 ORCHARD Street #RETAIL, New York City, NY 10002 — photo 3 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/ee4b56e2-1a16-41d5-b043-5e463b008796.jpg) ![49 ORCHARD Street #RETAIL, New York City, NY 10002 — photo 4 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/fcffde9e-c7bb-436a-a89a-42ca19fcb977.jpg) ![49 ORCHARD Street #RETAIL, New York City, NY 10002 — photo 5 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/56fc6236-4e0b-4474-a50f-82dc3fd03019.jpg) ![49 ORCHARD Street #RETAIL, New York City, NY 10002 — photo 6 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/1b8a94c6-0dab-4aa9-aa08-0e0d57256594.jpg) ![49 ORCHARD Street #RETAIL, New York City, NY 10002 — photo 7 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/58b24f98-5ce3-491f-817e-4bcedc936f93.jpg) ![49 ORCHARD Street #RETAIL, New York City, NY 10002 — photo 8 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/f0bc400a-93ae-4b82-9dac-402c4c93fe13.jpg) ![49 ORCHARD Street #RETAIL, New York City, NY 10002 — photo 9 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/f798f7eb-a242-4390-9e7b-93d6621d3ee1.jpg) ![49 ORCHARD Street #RETAIL, New York City, NY 10002 — photo 10 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/28c0d956-b128-475e-8e12-5534e06d8dcd.jpg) ## Property Overview 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. ## Property Details - **Property Type**: Condominium - **Total Baths**: 101 - **Rooms**: 1 - **Sqft**: 1,995 sqft - **Stories**: 7 - **Price per Sqft**: $1,504 - **Common Charges**: $100 / Monthly - **Listed On**: Jun 18, 2026 - **Days on Market**: 82 Days ### Residence Features - Building Other - Building Roof Deck - Washer Dryer Allowed ## Sales Evidence ### How this price compares The median closed price for comparable condo studio sales in Lower East Side is $700,000, based on 5 sales between February 2025 and January 2026. This home is asking $3,000,000, $2,300,000 above that median. The middle half of those sales closed between $670,000 and $715,000. - **Median closed price**: $700,000 - **Middle half**: $670,000 – $715,000 - **Based on**: 5 condo studio sales in Lower East Side - **Period**: February 2025 – January 2026 - **Median $/ft²**: $1,209/ft² Across the 5 of these sales with a published asking price, the median closed at 91.4% of what it originally asked. 100% of them closed below the original ask. This building has not had enough comparable sales of its own in the period to support a median, so the benchmark is drawn from Lower East Side instead. ### How these sales were negotiated - **Sold vs original ask**: 91.4% of the original ask - **Closed below ask**: 100% of 5 sales - **Listed → in contract**: 43 days (about 6 weeks) - **In contract → closed**: 28 days (about 4 weeks) Across the 5 of these sales with a published asking price, the median closed at 91.4% of what it originally asked. 100% of them closed below the original ask. Half of these homes were in contract within 43 days (about 6 weeks) of coming to market, based on the 3 with a recorded listing date. Once a deal was agreed, closing took a further 28 days (about 4 weeks), based on the 3 with both dates recorded. These are two separate periods measured on different clocks — time to find a buyer, and time from agreed deal to closing. They are medians of different sets of sales and do not add together into a single "days on market" figure. Based on 5 condo studio sales in Lower East Side, February 2025 – January 2026. Each figure counts only the sales that recorded the dates it needs, which is why the denominators differ. Sale prices are the consideration recorded with the City in ACRIS, and each sale is dated by the day the City recorded it. A closing date reported to the MLS typically falls one to two weeks earlier. Recorded sales describe what has already happened and are not an appraisal, a valuation, or an estimate of what this home will sell for. [See every recorded sale at 49 ORCHARD Street](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/49-orchard-street) ## About The Building ### 49 ORCHARD Street 49 ORCHARD Street, New York, NY 10002 A building in the neighborhood, currently featuring 1 active listing. - **Total Units**: 1 - **Floors**: 7 [View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/49-orchard-street) ### Available Residences — For Sale (1) | Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | [RETAIL](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10002/49-orchard-street-retail-RETAIL-ny-10002) | Studio | 100 | 1,995 sqft | $1,504 | $3,000,000 | Douglas Elliman Real Estate | Jun 18, 2026 | 82 days | ## Estimated Monthly Payment **$15,270 / month**, assuming a 20% down payment ($600,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three. - **Principal & Interest**: $15,170 - **Common Charges**: $100 Estimates only. Actual payments may vary. Confirm terms with your lender. ## Potential NYC Second-Home Tax This property may be subject to New York City’s non-primary residence surcharge if it is not used as a qualifying primary residence. The surcharge is based on the NYC Department of Finance market value, not the listing price. [Estimate the Potential Surcharge](https://realestaterebatesnewyork.com/calculators/nyc-second-home-tax-calculator) ## Lower East Side Overview of Lower East Side [Explore Lower East Side](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/lower-east-side) · [All Neighborhoods](https://realestaterebatesnewyork.com/neighborhoods) ### Nearby Lower East Side - [Chinatown real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/chinatown) - [Little Italy real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/little-italy) - [Nolita real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/nolita) - [East Village real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/east-village) - [Two Bridges real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/two-bridges) - [NoHo real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/noho) ## Related Links - [49 ORCHARD Street — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/49-orchard-street) - [Lower East Side neighborhood guide](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/lower-east-side) - [Estimate your Buyer Commission Share and closing costs](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) - [Contact Régis Roumila](https://realestaterebatesnewyork.com/contact) --- > RLS IDX Data display by Real Estate Rebate Team. 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. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. > 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 and the number of bedrooms listed is for informational purposes and is not a legal conclusion. Please consult with your own architect or engineer for exact dimensions and legal specifications.