69 Eldridge Street, New York, NY 5-Story, 13 Units, Mixed-Use Building
FOR SALE
PROPERTY INFORMATION Location:
West side of Eldridge Street, between Grand and Hester Streets
Block / Lot:
306 / 34
Lot Size:
26.92' x 67.12'
Approx.
Lot Area:
1,806
Approx. SF
Building Size:
26.92' x 57'
Approx.
Stories:
5 Building Dimensions
Square Feet
Basement
26.92' x 57'
1,400
Approx. SF
Ground Floor
26.92' x 57'
1,400
Approx. SF
2nd Floor
26.92' x 57'
1,400
Approx. SF
3rd Floor
26.92' x 57'
1,400
Approx. SF
4th Floor
26.92' x 57'
1,400
Approx. SF
5th Floor
26.92' x 57'
1,400
Approx. SF
Gross SF (Including Lower Level)
8,400
Approx. SF
Gross SF (Above Grade)
7,000
Approx. SF
Commercial
Residential
Community Facility
6.00
3.44
6.50
Total Buildable SF:
10,836
6,213
11,739
Minus Existing Structure:
7,000
7,000
7,000
Available Air Rights:
3,836
None
4,739
Commercial Units:
2
Residential Units:
11
Zoning:
C6-1G
FAR:
FORSYTH STREET HESTER STREET
GRAND STREET
ELDRIDGE STREET
Assessment (16/17):
$
182,117
Taxes (16/17):
$
23,462
The subject property is a five-story mixed-use building, located on the west side of Eldridge Street, between Grand and Hester Streets. The 7,000 SF building consists of 2 ground floor retail units and 11 residential units above. The retail units are vacant and benefit from high 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. Furthermore, unit #3 is currently occupied but will be vacating shortly after closing. There currently is no Certificate of Occupancy on file although an I-Card does 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 which the future retail tenant(s) could benefit from. 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 future Milton Resnick & Pat Passlof Foundation at 87 Eldridge Street, James Cohan Gallery at 291 Grand Street, HSBC, Bowery CrossFit, Valley National Bank, Bank of America, TD Bank and the B & D Grand Street subway stop. Any sale shall be on an as is, where is basis only.
Asking Price: $5,850,000 For more information, please contact Exclusive Agents: Michael F. DeCheser Senior Managing Director (212) 660 7772
[email protected] Darragh Clarke Director (212) 660 7737
[email protected] Mei Ling Wong Director (212) 660 7716
[email protected] Cushman & Wakefield 275 Madison Avenue, 3rd Floor New York, NY 10016 phone: 212 696 2500 nyinvestmentsales.com
Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.