115 Allen Street Penthouse Returns to Market for $4.4M

Posted on: March 31st, 2014 at 6:02 am by
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It’s easily one of the ugliest rooftop additions across the Lower East Side, constructed back in 2004. But inside that corrugated gray Lego piece atop 115 Allen Street is a rather desirable penthouse pad. A unique four-bedroom duplex. Only problem is, owner-developer Seth Tapper has been trying to unload the property for years without success. Guess it’s not that worth it.

And you know what? It’s back on the market via Corcoran. This time around, the asking price for 115 Allen is $4,395,000, which is about a half-million less than the listing in March 2013. That paltry sum will net you four bedrooms, two bathrooms, three terraces, a fireplace, radiant floor heating, and a rooftop deck with jacuzzi.

But Tapper seems fairly reluctant to lower the sale price much on this “oasis.” The penthouse at 115 Allen Street has been on and off the market for the last ten years (a month-to-month tenant lives there now). Below is a taste of prices the last few years.

2004 – $4.5M
May 2011 – $5.495M
Fall 2012 – $4.65M
March 2013 – $4.95M
March 2014 – $4.395M

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