169 Allen Street #1C
About This Property
Apartment 1C is a cozy, move-in ready one-bedroom, one-bathroom home. The layout ensures privacy, with the bedroom and living area situated on opposite sides of the apartment, connected by a long foyer featuring wood floors throughput. The kitchen includes a window, and the west-facing windows in the living area fill the space with natural light.
The apartment has been recently updated with fresh paint, new lighting fixtures, and modern ceiling fans in both the living area and bedroom for optimal cooling and air circulation. This inviting home is ready for immediate move-in but also offers an opportunity for customization and personalization to make it your own.
With maintenance costs comfortably under $500.00, this home is a must-see. Additional conveniences include an on-site management office, laundry facilities just a short flight down in the basement, and bike storage.
Located in the prime Lower East Side neighborhood, 169 Allen Street is a well-maintained and financially solid HDFC Co-op with income restrictions. The limits are based on 165% of the 2024 NYC Area AMI:
1 Person - $179,355
2 People - $205,095
3 People - $230,670
The J/Z and F metro trains are a few blocks away and Whole Foods, Trader Joe's and Essex Market are conveniently nearby. The co-op building is also near the vibrant shopping and dining scenes of the East Village, Little Italy, Chinatown, Nolita and Soho.
Primary residence is required.
Pets are allowed with Board approval.
Sublet is allowed after 2 years.
Guarantors are not permitted.
Gifting is allowed.
Co-purchasing is allowed. (both purchasers must meet the income requirement).
Must be a first-time homebuyer.
* Virtually staged images of the living area and bedroom are included.
Listed By
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Oct 28, 2024 | Listed by Compass | $559,000 | |
Listed by Compass |
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
07/12/2024
|
2 Bed
|
1 Bath
|
-
|
$659,000
2 Bed
1 Bath
|
$650,000
-1.37%
01/22/2025
|
-
|
Christina Prostano
Compass
| |
02/09/2021
|
Studio
|
1 Bath
|
-
|
$379,000
Studio
1 Bath
|
$358,000
-5.54%
08/23/2021
|
Eric Brown
Cooper & Cooper Real Estate LLC
| ||
07/29/2020
|
2 Bed
|
1 Bath
|
-
|
$625,000
2 Bed
1 Bath
|
$595,000
-4.80%
02/25/2021
|
Barbara Araujo
Turnkey NYC, LLC
|
Building Info
- 30 Units
- 1 Unit for Sale
