48 Allen Street (HOME0001)
48 Allen Street, New York, NY 10002
BBL 1003087502 · BIN 1003991
- Year built
- 1900
- Type
- Condominium
- Units
- 17
- Floors
- 7
- Landmark
- No
- Pets
- Pet-friendly under the condominium rules
- Subletting
- Permitted under the condominium declaration
- Pied-à-terre
- Allowed
Every recorded sale at this building, 2023–2024
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf
- $1,529
- Listing discount
- 0.0%
- Recorded sales
- 8
- On record
- 2023–2024
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at 48 Allen Street (HOME0001) would likely sell for today, what it costs to sell, and what you’d walk away with — reviewed personally against condition, exposures, renovation quality, and the competition actually on the market.
48 Allen Street is one of the most distinctive small condominiums to arrive on the Lower East Side in recent years — a circa-1900 masonry building at the corner of Allen and Orchard, gut-renovated and reopened in 2023 as HOME0001, a design-led, fully furnished residence. The building's history runs deep: it began as a turn-of-the-century haberdashery warehouse, later served the neighborhood's Fuzhou community as a church, and was then reconceived by the HOME0001 collective into a turnkey condominium where apartments come furnished down to the cookware and linens. That concept — ownership of a move-in-ready, designed home in the heart of the Lower East Side — is the building's identity.
The offering plan was accepted in 2020 and declared effective in 2023, and individual apartments have genuinely closed since, with several resales recorded in the low-to-mid seven-hundred-thousands and beyond. The building runs as a hybrid in practice — the sponsor has leased unsold units alongside the closed condominium sales — but the tenure is unambiguously condominium: buyers here take deeded ownership. It sits at the dense, transit-rich heart of the Lower East Side, steps from the J/M/Z, B/D, and F, and from the neighborhood's restaurant, gallery, and nightlife corridor.
This is a small building with a strong point of view. It competes on design, the turnkey furnished concept, and the corner location rather than on amenity volume.
Architecture and unit composition
The underlying structure is a prewar steel-and-brick Lower East Side building that was taken back to its bones and rebuilt for contemporary residential use. Residences occupy floors two through seven above two ground-floor retail units, with the HOME0001 design program running throughout — the apartments are delivered fully furnished and turnkey. The mix is weighted toward compact studios in the low-four-hundreds of square feet, with some one- and two-bedroom layouts running larger, and select units carry private terraces or balconies.
At seven stories over two commercial units and 17 residential apartments, the building is boutique, served by an elevator, a doorman, and a roof terrace — a fuller service posture than a building of this size usually carries, reflecting the co-living-adjacent concept behind it.
Building operations
48 Allen Street operates as a boutique full-service condominium with a design-forward operating model: elevator, doorman, a roof terrace, a bicycle room, and resident storage, with residences delivered furnished. Common charges reflect a small building with a real service package, a design-intensive renovation, and the furnished/turnkey concept; buyers should model the full monthly carry and review reserves and any capital history during due diligence, as is prudent for a recently converted building still early in its condominium life.
Local Law 97
This building is below the 25,000 sq ft threshold at which LL97 emissions caps apply. No regulatory capital pressure from this law specifically, current or 2030.
See full Local Law 97 analysis →Facade safety — Local Law 11
The latest available filing classified the facade as SWARMP — Safe With A Repair and Maintenance Program: the engineer identified conditions requiring monitoring or repair, with repairs due by the deadline stated in the filing. The scope, timeline, and how the building funds the work are building-specific — we review the filings and board materials for you.
How to read this, and where it comes from
QEWI = Qualified Exterior Wall Inspector — the licensed engineer the city requires to sign the report (the independent expert, not the managing agent).
Penalties shown are amounts DOB assessed against filings on record across 2015–20 to 2020–25. The FISP dataset does not record whether they were paid, contested or remain open, so treat the figure as history rather than a current balance and confirm the building’s standing with the managing agent.
Source: NYC DOB facade filings (FISP) · The Roebling Research Library. City record last verified September 2026.
Management & transfer contacts
- Sublet policy
- Not allowed. Short-term rentals/AirBnB not allowed
- Pied-à-terre
- Not allowed (secondary residence allowed; co-purchasing/corporate/diplomat allowed)
- Notable fees
- Condo. Pets not allowed; W/D allowed. No building fee schedule listed on page
Recent sales
As a condominium, 48 Allen Street prices on a price-per-square-foot basis, with design, furnishing, floor, exposure, and any private outdoor space driving unit-level value. Individual apartments have genuinely closed since the plan went effective, with the compact studios at the entry point and the larger one- and two-bedroom layouts above them. Because the sponsor has also leased unsold units, the building shows both sales and rental activity, but it is an ownership condominium. Apartment-level context — the specific layout, the furnishing package, and condition — moves the number more than any building average.
Unit-level transaction history is maintained in The Roebling Research Library and shared with clients during diligence.
Recent closings at this building, from The Roebling Research Library. Prices are the transfer amounts recorded with the NYC Department of Finance; apartment-level detail is checked against the building’s own file in The Roebling Research Library before publishing.
| Date | Unit | Apartment | Price | PPSF | vs. Ask |
|---|---|---|---|---|---|
| Jul 22, 2024 | 3ASponsor Sale | 431 sf | $659,000 | $1,529/sf | +0.0% |
| Jun 14, 2024 | 4ASponsor Sale | 1 BA · 432 sf | $670,000 | $1,551/sf | +2.3% |
| Jan 18, 2024 | 3DSponsor Sale | 1 BA · 419 sf | $631,315 | $1,507/sf | off-mkt |
| Jan 18, 2024 | 3CSponsor Sale | 1 BA · 435 sf | $631,315 | $1,451/sf | off-mkt |
| Jan 10, 2024 | 4BSponsor Sale | 1 BA · 422 sf | $773,532 | $1,833/sf | +2.6% |
| Sep 14, 2023 | 2ASponsor Sale | 1 BA · 435 sf | $575,909 | $1,324/sf | -11.4% |
Market read. Most recent trades (2024) cleared a median $1,529/sf (recorded) across 5 sales. Median listing discount 0.0% from the last ask.
Full closing history with price-per-square-foot over time, the complete retrade record, and every line that has traded.
Sales sourced from NYC Department of Finance recorded transfers (BBL 1-00308-7502). Apartment-level facts (line, condition, asking-price context) curated and cross-verified in The Roebling Research Library. Not all transactions cross-verify with ACRIS records — sponsor and LLC purchases sometimes record at stipulated values rather than market price; square footage from recorded condo declarations and offering plans.
Buying here? Condo closing costs with a mortgage typically run 3 to 6% of the price. See NYC co-op and condo closing costs, line by line.
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What to know if you’re buying
The furnished, turnkey concept is the differentiator. Apartments are delivered move-in ready with furniture and finishes as part of the HOME0001 program; value that fully.
This is a recently converted building. The offering plan went effective in 2023; underwrite reserves, the sponsor's remaining inventory, and the capital picture accordingly.
Boutique full-service. Doorman, elevator, roof terrace, and bike room for 17 residences is a strong package for the size, but not a mega-amenity tower.
Condo flexibility is real. Pied-à-terre, subletting, foreign buyers, and LLC/trust ownership are permitted under the declaration; closings run on condo timelines.
Mansion tax thresholds apply. At this building's pricing, the $1M threshold can be in play for larger units. Run pricing through the Mansion Tax Calculator.
Variable board financial policy — confirm at offer stage. Financing percentages and any sublet terms specific to your situation should be confirmed in writing before you commit.
What to know if you’re selling
Lead with the design and the concept. The HOME0001 program and the furnished, turnkey delivery are the marketing story; foreground them.
Pricing requires apartment-level comps. With 17 residences, layout, furnishing, floor, and outdoor space all move the number.
Present the design. In a design-led building, photography and staging that read the interiors well support price.
Comparable buildings
If you're considering 48 Allen Street, also evaluate these nearby Lower East Side buildings:
- 196 Orchard Street — nearby Lower East Side new-construction condominium
- 100 Norfolk Street — nearby ODA-designed Lower East Side condominium
- 215 Chrystie Street — Herzog & de Meuron downtown architectural condominium
- 173 East Broadway — nearby Lower East Side boutique condominium
- 75 Allen Street — nearby Allen Street building
More Lower East Side buildings
- 38 Delancey Street — 2010 condominium
- 42 Allen Street — 2017 condominium
- 50 Henry Street (Bishop Paul Moore Tower) — 1990 condominium
- 48 Orchard Street — 2003 condominium
- 50 Clinton Street — 2016 condominium by Isaac & Stern Architects
- 60 Orchard Street — condominium
The neighborhood
For the full corridor — architecture, transit, and pricing across Lower East Side — read The Roebling Team Guide to Lower East Side.
How to read the facts on this page. Items attributed to an offering plan describe the building as it was offered at that filing — unit mix, square footage, the amenity program as planned. They are not a statement about how the building operates today. Tax and compliance figures are sourced separately to current City records and carry their own dates. House rules, staffing and fee policy can change by board resolution without any public filing: treat every policy line here as a starting point for diligence and confirm it with the managing agent. Where this page compares one building or neighborhood to another, that is our analysis of the recorded record — it names the measure, the period and the sample it rests on, and it is an observation about medians rather than a prediction about any particular apartment.
Considering a move at 48 Allen Street (HOME0001)?
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