115 Allen Street Penthouse Returns to Market for $4.4M

Posted on: March 31st, 2014 at 6:02 am by
This image has been archived or removed.

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

Recent Stories

New Condos Teased at 15-Story ‘One Essex Crossing’

Each month brings more significant updates for Essex Crossing. On the heels of the International Center of Photography launching its new flagship, the billion-dollar Lower East Side development this week rolled out more info about the CetraRuddy-designed condo tower at 202 Broome Street (aka Site 3). Dubbed One Essex Crossing, the fifteen-story newcomer features 83 […]

Broome Street Gets an Exclusive Nightclub by Omar Hernandez

Where Happy Ending once tormented this Broome Street block, and Better Days was anything but, something uber-upscale is now replacement. Perhaps even too upscale for its own good. By now you’ve probably seen the well-placed hype pieces about the newest nightclub at 302 Broome Street, led by nightlife impresario Omar Hernandez. He converted the space […]

Ten Injured, Including Firefighters, in Massive Mulberry Street Blaze Last Night [Updated]

The three-alarm blaze that engulfed 70 Mulberry Street last night spread quickly, destroying the upper levels of the historic Public School 23. The fire started shortly after 8:45pm on the fourth floor. Firefighters from Ladder 20 and police from the 5th Precinct were the first responders. More than two hundred fire personnel ultimately arrived to […]

3-Alarm Fire Engulfs PS 23 Building on Mulberry Street

Shortly before 9pm this evening, a three-alarm fire was sparked at 70 Mulberry Street (at Bayard). Within minutes, the historic building – erected in the nineteen century as Public School 23 – was in flames. More than one hundred firefighters were called to the scene to battle the blaze which is apparently confined to the […]

The Year of the Rat Scurries In

It’s the Year of the Rat! This week marks the 21st year of New York City’s Lunar New Year celebration, and no doubt the organizers are scurrying around in preparation for a veritable smorgasbord of festivities. As in years past, the festivities will kick off with the explosive Firecracker Ceremony Saturday morning at 11:00am (January 25) […]