165 ELDRIDGE STREET

Commercial For Sale •  Lower East Side
Web ID # 920923 RLS

$21,000,000

 
Tax: $37,055
Stories: 8
Total Rooms: 40

Building & Unit Features

  • Elevator
  • Laundry
  • Roof Deck
  • Storage
  • ** EMAIL FOR FULL SET UP ** Mixed-use, 32,700SF free-market elevator building with 18 Residential Units and 1 Retail Unit with 4.4% CAP Rate**
    Compass has been retained exclusively to arrange for the sale of 165-167 Eldridge Street, which is a mixed-use elevator building in the Lower East Side.
    The building measures 50 feet by 100 feet and is built full on the C4-4A zoned lot. This 32,7000 SF Building contains 18 residential apartments (12 - 1brs, 4 - 2brs, 2 - 3brs) and one 15,000 SF commercial space. Current ownership has been in place for 25+ years.
    The subject property is located in the section of the Lower East Side that is leading the transformation from older businesses to a new generation of restaurants, retail and bars. The building is located in an enclave between Delancy and Rivington Street that is still unchanged compared to other sections of the Lower East Side.
    Four blocks from the subject property is Essex Crossing, an unprecedented development compromising of 1.9 Million square feet of residential, commercial, and community space. The nine sites on six acres, commonly known as Seward Park Extension Urban Renewal Area (SPEURA), have sat mostly vacant since 1967 and represent of the most significant urban renewal developments in the history of New York City. Phased construction began in 2015 and is expected to be completed by 2024.

    Courtesy Of Compass

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    Estimated Monthly Costs


    $83,880
    Est. Mortgage
    $37,055
    Real Estate Tax
    $120,935
    Monthly Total*
    * The estimated monthly costs provided by this caculator are for illustrative purposes only, with no guarantee regarding accuracy.
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    Nearby Subways

    • J Z Bowery & Delencey St (~0.12 mile)
    • F J M Z Essex St & Delancey St (~0.17 mile)
    • B D Chrystie St & Grand St (~0.18 mile)
    • F Allen St & Houston St (~0.23 mile)
    • 6 Lafayette St & Spring St (~0.33 mile)


    This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2019 REBNY Listing Service, Inc. All rights reserved. RLS IDX Data display by CARINI GROUP. IDX information is provided exclusively for consumers' personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.