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 Units: 2 Residential Units: 11 Zoning: C6-1G Commercial Residential Community Facility FAR: 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 Assessment (16/17): $ 182,117 Taxes (16/17): $ 23,462 FORSYTH STREET The subject property is a five-story mixed-use building, located on the west GRAND STREET 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 STREET 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 va- HESTER cating shortly after closing. There currently is no Certificate of Occupancy on ELDRIDGE STREET 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 apart- ments. 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, Bow- ery 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

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