105-107 Eldridge St 18 Unit Apartment Building $15,400,000 ($855,556/Unit) 4.17% Cap Rate New York, NY 10002

105–107 Eldridge Street is a 4-story walk-up mixed-use building located in the heart of the Lower East Side between Grand and Broome Streets. The property consists of 18 free-market residential units and two ground floor retail tenants (The Flower Shop and Yves). At the $15,400,000 asking price, the property generates a stabilized NOI of approximately $642,000, reflecting a 4.17% cap rate.
All apartments are efficiently laid out studios and one-bedrooms with separate kitchens and hardwood floors, and the building has enjoyed historically strong occupancy with consistent rental demand. Both retail leases are long-term and will provide a combined rent of $37,000 per month upon stabilization, anchored by well-known neighborhood operators. This offering provides investors with a rare opportunity to acquire a fully free-market LES asset with secure in-place cash flow and meaningful upside through rent growth and long-term appreciation.