15 Eldridge St - Apartments FOR SALE


New York, NY 10002- Chinatown
$3,000,000 USD
718-360-5749
15 Eldridge St, New York, NY for Sale
$3,000,000 USD
Apartments - FOR SALE
1/9
null | 5.64% Cap Rate

15 Eldridge St
New York, NY 10002
Chinatown


OVERVIEW

Investment Property Realty Group (IPRG) is pleased to introduce 15 Eldridge Street, a 22-unit mixed-use building ideally located between Canal Street and Division Street in the heart of Manhattan’s historic Chinatown. Rising five stories and encompassing approximately 11,370 square feet, 15 Eldridge Street is comprised of 20 rent-stabilized residential apartments and 2 retail stores. Of the 20 apartments, 3 residential units will be delivered vacant, presenting an opportunity for immediate rental income and potential owner-occupancy. The property measures 25 feet by 88 feet on a 25-foot by 100-foot lot, and is zoned C6-1G. It falls under Tax Class 2 and is strategically positioned within walking distance of the J, Z, B, D, N, Q, R, W, 6, and F subway lines, providing tenants and owners with easy access to all areas of Manhattan and beyond. The building is located directly across the street from the historic Eldridge Street Synagogue, a New York City Landmark and National Historic Landmark, and one of the first synagogues built in the United States by Eastern European Jews, further enhancing the cultural significance and unique character of the location. 15 Eldridge Street represents a rare opportunity to acquire a well-located, income-generating asset in one of Manhattan’s most dynamic and historically rich neighborhoods. The combination of stable in-place income, immediate upside through vacant units, and prime retail frontage makes this a compelling investment for both investors and potential owner-users.

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$283 USD /SF

# OF UNITS

20

PRICE/UNIT

$150,000

CAP RATE

5.64%

% 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

5

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,500 SF

ZONING

C6-1G

APN/PARCEL ID

0292-0024

ASK ABOUT THIS PROPERTY

Christian IngenitoInvestment Property Realty GroupMore Info
718-360-5749

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Christian IngenitoInvestment Property Realty GroupMore Info
718-360-5749

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