Updated 5 years ago
Off Market
69 Eldridge Street
Chinatown, Manhattan | Hester Street & Grand Street
7,000 Square FeetIncome Property
$4,500,000
floors / apts5 / 11
Lot Size26'9"x67'1"
Built Size26'9"x57'
ZoneC6-1G
Building TypeLow-Rise
RE Taxes$28,933
Price Per SF
$643
Building Amenities
- Voice Intercom
Property Description for 69 Eldridge Street
The subject property is a five-story mixed-use building, located on the west side of Eldridge Street, between Grand and Hester Streets. This 7,000 SF building consists of 2 ground floor retail units and 11 residential units above. The retail units are occupied and benefit from tall ceiling heights, exposed brick and additional storage space in the basement (both retail units have their own sidewalk basement hatch
/door). Of the residential units, #2, #3 and #4 were recently renovated. Unit #3 is vacant. There is no Certificate of Occupancy on file although I-Cards exist (available upon request or through HPD). The DHCR’s have not been filed since 1998. The building benefits from great light and air considering there are air shafts to the north and south as well as a 10’ rear yard. There is a newer gas boiler in the basement and the gas meters are located in the apartments. This offering provides an excellent opportunity for an investor looking for upside while the existing tenancy is averaging close to $1,400 a month. Area neighbors include the Milton Resnick & Pat Passlof Foundation at 87 Eldridge Street, James Cohan Gallery at 291 Grand Street, HSBC, Bowery CrossFit, Valley National Bank, TD Bank and the B & D Grand Street subway stop. Any sale shall be on an as-is, where-is basis only.
Listing History for 69 Eldridge Street
Now
03/01/2021
POM by Michael F. DeCheser
Cushman & Wakefield
2021
Building Details for 69 Eldridge Street
OwnershipIncome Property
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Floors/Apts5/11
Transit and Citi Bike
Subway
Grand St
0.12 miles
Bowery
0.25 miles
East Broadway
0.25 miles
Delancey St-Essex St
0.28 miles
Canal St
0.38 miles
Citi Bike
Allen St & Hester St
0.07 miles
Forsyth St & Grand St
0.08 miles
Chinatown | Manhattan
Quick Profile
The roots of Chinatown are said to go back as far as 1858, with the arrival of Cantonese businessman, Ah Ken. Ah Ken made his fortune selling cigars and is thought to have set up the first boarding houses for Chinese immigrants.
Vibrant and bustling, in New York City’s Chinatown, you’ll find the biggest population of Chinese people in the Western Hemisphere. Although Chinatown was established mostly by Cantonese speakers, due to an influx of Fuzhounese speaking Chinese immigrants and Mandarin being the official language of China and Taiwan, Mandarin has become vital to the dynamic tableau that is Chinatown.
Centered around Chatham Square and Columbia Park, Chinatown is transportive yet quintessential New York. Traveling the cozy corridors of Chinatown, bask in the varied languages and cultural diaspora, uniquely American and yet universal. Witness the roots of a place where a community was allowed to grow within a community, a world within a world. See it in the statues, architecture, and signage throughout Chinatown. Smell it seeping out from the multitude of dim sum restaurants, noodle houses, and speakeasies that reside here. Pick up a bao and wander the markets for deals and explore the sometimes brutal historic sites.
Chinatown is developing. Much of the lower-income housing once available in the area are being refurbished and sold. As a result, the community and its demographic makeup are diversifying.
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: 67413TH
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