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
1/3
null | 3.57% Cap Rate

105-107 Eldridge St
New York, NY 10002
Bowery


HIGHLIGHTS

  • Lower East Side mixed-use investment
  • 18 free-market residential units plus 2 ground-floor retail units
  • Offered at $15,400,000
  • 2024 historical cash-basis net cash flow approx. $549,891
  • Value-add potential through retail repositioning and residential rent growth
  • Diligence package available; buyer to verify all information

OVERVIEW

105-107 Eldridge Street is a 4-story walk-up mixed-use building located in Manhattan’s Lower East Side, between Grand Street and Broome Street. The property consists of 18 free-market residential units and 2 ground-floor retail units. The asset is offered at $15,400,000. Based on the Historical Operating Statement (Cash Basis) for Jan 2024 through Dec 2024, Total Revenues were $868,176.00 and operating expenses (excluding income tax) were $318,242.85, resulting in an Actual NOI of approximately $549,933.15 (3.57% cap rate at asking). On a stabilized (pro forma) basis, Total Revenues are projected at approximately $1,248,600.00 with operating expenses (excluding income tax) assumed at approximately $318,242.95, resulting in a Pro Forma NOI of approximately $930,357.05. This represents an estimated 6.04% cap rate at the $15,400,000 asking price. All information is deemed reliable but not guaranteed. Buyer to verify all facts and figures through independent due diligence. This offering is subject to errors, omissions, prior sale, and change of terms without notice.

FOR SALE DETAILS

PRICE

$15,400,000 USD

PRICE/SF

$1,137 USD /SF

# OF UNITS

18

PRICE/UNIT

$855,556

CAP RATE

3.57%

% 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.