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26 Eldridge St 8 Unit Apartment Building $3,200,000 ($400,000/Unit) 5% Cap Rate New York, NY 10002



Executive Summary
Located in the heart of the vibrant Lower East Side, this exceptional property at 26 Eldridge Street offers a rare opportunity for both investors and end-users alike. Surrounded by bustling retail, dining, and strong foot traffic, this is truly a prime location that delivers unmatched visibility and accessibility.
The property features a highly desirable storefront ideal for owner use, perfect for retail, service, or boutique business operations. Whether you're looking to establish your own presence or lease it out, the flexibility adds tremendous value.
Maintained in excellent condition, the building is move-in ready and requires minimal immediate upgrades—saving both time and capital for the next owner.
Conveniently positioned close to transportation, shopping, restaurants, and all essential amenities, this location continues to attract both local and tourist activity year-round.
From an investment perspective, this asset offers strong income potential and long-term appreciation, making it a solid return on investment in one of Manhattan’s most dynamic neighborhoods.
Don’t miss this rare opportunity to own a prime property in a high-demand area.
The property features a highly desirable storefront ideal for owner use, perfect for retail, service, or boutique business operations. Whether you're looking to establish your own presence or lease it out, the flexibility adds tremendous value.
Maintained in excellent condition, the building is move-in ready and requires minimal immediate upgrades—saving both time and capital for the next owner.
Conveniently positioned close to transportation, shopping, restaurants, and all essential amenities, this location continues to attract both local and tourist activity year-round.
From an investment perspective, this asset offers strong income potential and long-term appreciation, making it a solid return on investment in one of Manhattan’s most dynamic neighborhoods.
Don’t miss this rare opportunity to own a prime property in a high-demand area.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $3,200,000 | Property Subtype | Apartment |
| Price Per Unit | $400,000 | Apartment Style | Mid-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 5% | Lot Size | 0.03 AC |
| Gross Rent Multiplier | 7 | Building Size | 7,645 SF |
| No. Units | 8 | No. Stories | 5 |
| Property Type | Multifamily | Year Built | 1900 |
| Zoning | C6-1G | ||
| Price | $3,200,000 |
| Price Per Unit | $400,000 |
| Sale Type | Investment |
| Cap Rate | 5% |
| Gross Rent Multiplier | 7 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.03 AC |
| Building Size | 7,645 SF |
| No. Stories | 5 |
| Year Built | 1900 |
| Zoning | C6-1G |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- Controlled Access
- Tenant Controlled HVAC
- Recycling
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 8 | - | - |
1 1
Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
100/100
Exceptionally bikeable
90/100
Property Taxes
| Parcel Number | 0293-0010 | Improvements Assessment | $224,609 |
| Land Assessment | $99,026 | Total Assessment | $323,635 |
Property Taxes
Parcel Number
0293-0010
Land Assessment
$99,026
Improvements Assessment
$224,609
Total Assessment
$323,635
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Presented by
BUILDING 1 PROPERTY MANAGEMENT CORP
26 Eldridge St
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