49 ORCHARD Street, New York City, NY 10002

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.