105-107 Eldridge St - Apartments FOR SALE


New York, NY 10002- Bowery
$15,400,000 USD
646-244-6911
105-107 Eldridge St, New York, NY for Sale
$15,400,000 USD
Apartments - FOR SALE
1/4
null | 4.17% Cap Rate

105-107 Eldridge St
New York, NY 10002
Bowery


HIGHLIGHTS

  • All 18 residential units are free-market with no rent-stabilized or regulated units.
  • Two strong long-term retail tenants (The Flower Shop and Yves) with combined $37,000/month in rent upon stabilization.
  • Prime Lower East Side mixed-use walk-up, renovated with efficient expenses and consistently strong rental demand.

OVERVIEW

105–107 Eldridge Street is a 4-story walk-up mixed-use building located in the heart of the Lower East Side between Grand and Broome Streets. The property consists of 18 free-market residential units and two ground floor retail tenants (The Flower Shop and Yves). At the $15,400,000 asking price, the property generates a stabilized NOI of approximately $642,000, reflecting a 4.17% cap rate. All apartments are efficiently laid out studios and one-bedrooms with separate kitchens and hardwood floors, and the building has enjoyed historically strong occupancy with consistent rental demand. Both retail leases are long-term and will provide a combined rent of $37,000 per month upon stabilization, anchored by well-known neighborhood operators. This offering provides investors with a rare opportunity to acquire a fully free-market LES asset with secure in-place cash flow and meaningful upside through rent growth and long-term appreciation.

FOR SALE DETAILS

PRICE

$15,400,000 USD

PRICE/SF

$1,137 USD /SF

# OF UNITS

18

PRICE/UNIT

$855,556

CAP RATE

4.17%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

C6-1 (R7-2)

APN/PARCEL ID

0418-0048

ASK ABOUT THIS PROPERTY

Takuya MurakamiLibret Real Estate LLCMore Info
646-244-6911

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Takuya MurakamiLibret Real Estate LLCMore Info
646-244-6911

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.