165 Eldridge Street

165 Eldridge St Lower East Side, Manhattan, NY 10002

$21,000,000
Price
20
Beds
20
Baths
32,700 Sq. Ft.
$642 / Sq. Ft.
32,700
Sq. Ft.
$642
per Sq. Ft.

Property Details for 165 Eldridge Street

StatusActive
Total Rooms40.0
Year Built2002
DOM8
Compass TypeMulti Family
MLS Type-
Lot Size5,029 SF / 50' x 100'
Taxes$35,336 / month
Maintenance-
Minimum Down Payment-
CountyNew York County

Building

165 Eldridge St

18 Units8 StoriesBuilt in 2002

Listing Agent

Contact Agent(s)

Description

∗∗ 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.

Amenities

Common Roof DeckCommon Outdoor SpaceElevatorWasher / DryerLaundry Room in BuildingVoice Intercom

Listing Agents

  1. Nile Lundgren

    Listing Agent

    Compass

    nile@compass.com

    P: 917.453.4526

Building Information for 165 Eldridge Street

Stories8Residences18Year Built2002Building Size5,000 SF / 50' x 100'Lot Size5,029 SF / 50' x 100'Building AgePost-warBuilding TypeLowrise

Payment Calculator

$110,869 per month

30 year fixed, 3.51% Interest

Principal and Interest

$75,533

Property Taxes

$35,336

HOA Dues

$0

Similar Homes

Property History for 165 Eldridge Street

DateEvent & SourcePriceAppreciation
Nov 26, 2019Listed (Active)

Manual #202bc973343030ac992b75b05bbc993309d0ec92

$21,000,000
Jun 7, 2008Permanently Off Market

RealPlus #a3047f8b4cbb6f8bde67f42c6cf870335a3bcd64

$25,000,000
Dec 6, 2007Temporarily Off Market

RealPlus #a3047f8b4cbb6f8bde67f42c6cf870335a3bcd64

$25,000,000
DateEvent & SourcePrice
11/26/2019
Listed (Active)

Manual #202bc973343030ac992b75b05bbc993309d0ec92

$21,000,000
06/07/2008
Permanently Off Market

RealPlus #a3047f8b4cbb6f8bde67f42c6cf870335a3bcd64

$25,000,000
12/06/2007
Temporarily Off Market

RealPlus #a3047f8b4cbb6f8bde67f42c6cf870335a3bcd64

$25,000,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 165 Eldridge Street

AllElementaryMiddleHigh
SchoolTypeGradesDistanceRating
Forsythe Satellite AcademyPublic9-120.2 mi
2
Cascades High SchoolPublic9-120.2 mi
2
Nativity Mission SchoolPrivate0.2 mi
NR
School For Global LeadersPublic6-80.3 mi
3

Forsythe Satellite Academy

9-12, 0.2 mi, Public

2

Cascades High School

9-12, 0.2 mi, Public

2

Nativity Mission School

0.2 mi, Private

NR

School For Global Leaders

6-8, 0.3 mi, Public

3

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Lower East Side
A forward-thinking neighborhood with historic roots.

Neighborhood Map and Transit

Similar Homes

Similar Sold Homes

165 Eldridge Street is a multi-family home for sale in Lower East Side, Manhattan, NY 10002. This property was listed for sale on November 26, 2019 by Compass at $21,000,000. Nearby schools include Ps 188 The Island School, New Explorations Into Science, Tech and Math High School and St Joseph School. 165 Eldridge Street is a 20-bed, 20-bath, 32,700 sqft multi-family home built in 2002.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. No financial or legal advice provided. Equal Housing Opportunity.
All data is deemed reliable but is not guaranteed accurate by Compass. See Terms of Service for additional restrictions. Compass · Tel: 212-913-9058 · New York, NY