Updated 6 years ago
Off Market
165 Eldridge Street
Lower East Side, Manhattan | Rivington Street & Delancey Street
40 Rooms20 Beds20 Baths32,700 Square FeetIncome Property
$21,000,000
floors / apts8 / 18
Lot Size50'x100'
Built Size49'x100'
ZoneC4-4A
Building TypeLow-Rise
RE Taxes$424,032
Price Per SF
$642
Building Amenities
- Video Intercom
- Elevator
- Laundry Room
- Roof Deck
- Storage
Property Description for 165 Eldridge Street
** 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 - 2br’s, 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.
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 - 2br’s, 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.
Building Details for 165 Eldridge Street
OwnershipIncome Property
Building TypeLow-Rise
Service LevelVideo Intercom
AgePost-War
AccessElevator
Year Built2005
Floors/Apts8/18
Transit and Citi Bike
Subway
Bowery
0.15 miles
Delancey St-Essex St
0.19 miles
Grand St
0.19 miles
2 Av
0.23 miles
Spring St
0.35 miles
Citi Bike
Allen St & Rivington St
0.06 miles
Delancey St & Eldridge St
0.06 miles
Lower East Side | Manhattan
Quick Profile
Bursting with energy at every turn, the Lower East Side is one of the most historic neighborhoods in all of Manhattan. Rooted in immigrant history, the bulk of European and Eastern European migration that occurred in the late nineteenth through the early twentieth century took place here, where the Tenement Museum remains one of the best ways to become acquainted with how early residents of the neighborhood lived.
The unique and eclectic mix of building styles--ranging from low- and high-rises to luxury and historic buildings--begins immediately upon entering the area via the Manhattan or Brooklyn Bridge, known as Two Bridges, itself a neighborhood that has also long been known for its immigrant population. With its historic district placed in the National Register of Historic Places, many of its oldest churches, such as Mariners Temple and St. James Church remain a preserved part of the district’s storied past.
While the LES has long been a hub for aspiring musicians and artists, the area has increasingly transformed its demographic as it welcomes a more affluent sect of residents with the advent of condos and luxury spaces.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 20675TH
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