69 Eldridge Street, New York, NY 10002

For Sale$4,500,000

69 Eldridge Street, New York, New York, 10002, New York, NY 10002

  • Other

69 Eldridge Street, New York, NY 10002, New York, NY 10002 - Other Space

69 Eldridge Street, New York, NY 10002 is located at 69 Eldridge Street, New York, New York, 10002 in the Chinatown neighborhood, NY, New York, 10002. The Class C7 Other building was completed in 1910 and features a total of 7,000 Sqft.

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Details

  • Price $4,500,000
  • City New York
  • Neighborhood Chinatown
  • Zip Code 10002
  • Market Manhattan
  • Property Type Other
  • Property Size 7,000 Sqft
  • Lot Size 0.04 Acre
  • Building Class C7
  • Year Built 1910
  • Date Updated 12 Jan, 2021

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Description

The subject property is a five-story mixed-use building, located on the west side of Eldridge Street, between Grand and Hester Streets. This 7,000 SF building consists of 2 ground floor retail units and 11 residential units above. The retail units are occupied and benefit from tall 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. Unit #3 is vacant. There is no Certificate of Occupancy on file although I-Cards 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. 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 Milton Resnick & Pat Passlof Foundation at 87 Eldridge Street, James Cohan Gallery at 291 Grand Street, HSBC, Bowery CrossFit, Valley National Bank, TD Bank and the B & D Grand Street subway stop. Any sale shall be on an as-is, where-is basis only.

FREQUENTLY ASKED QUESTIONS

What is the total square footage of 69 Eldridge Street, New York, NY 10002?

69 Eldridge Street, New York, NY 10002 totals 7,000 square feet.

When was this property built?

69 Eldridge Street, New York, NY 10002 was built in 1910.

Chinatown Demographics

The average household income in zip code 10002 is $68,315, from a total of 33,540 households. In terms of employment, there are 90.08 % white-collar and 9.92 % blue-collar jobs in zip code 10002.

Population

  • Total Population12,914
  • Male Population(48.5 %) 6,266
  • Female Population(51.5 %) 6,648
  • Median Age41.00

Income/Financial

  • Average Household Income$163,666
  • Median Household Income$70,650
  • Median Income Under 25$70,970
  • Median Income 25-44$130,235
  • Median Income 45-64$74,331
  • Median Income Over 65$21,244

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Michael DeCheser

Cushman & Wakefield

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Cushman & Wakefield

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Bryan Hurley

Cushman & Wakefield

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