Prime Investment Opportunity – 5 Eldridge Street, New York, NY
Discover a rare investment gem in the heart of New York City’s Central Business District (CBD). This 2-star mid-rise apartment building offers a compelling opportunity for investors seeking a well-located asset with excellent potential for long-term growth and consistent returns. Priced at $8,000,000, with a per-unit cost of $888,889, this property is an attractive addition to any portfolio.
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Property Details
- Price: $8,000,000 ($888,889 per unit)
- Units: 9 market-rent apartments
- Stories: 6
- Gross Building Area (GBA): 8,370 SF
- Typical Floor Size: 1,395 SF
- Unit Density: 225 units per acre
- Class: C
Key Features
- Central Location: Positioned in the vibrant CBD, this property offers tenants unparalleled access to transit, shopping, restaurants, and entertainment, making it highly desirable for urban professionals and families alike.
- Market-Rent Units: Provides steady rental income with the flexibility to adjust pricing strategies as market conditions evolve.
- Efficient Layout: Compact yet functional unit designs that optimize rentable space and tenant satisfaction.
Investment Highlights
- Solid Foundation: A single-building asset in a high-demand market with opportunities for potential upgrades to increase value.
- Urban Appeal: Ideal for a diverse tenant base seeking the convenience and energy of city living.
- Exclusive CBD Asset: Properties in this sought-after location are rarely available, ensuring long-term demand and value retention.
This property at 5 Eldridge Street is a prime opportunity to invest in a well-performing, centrally located asset within one of the most dynamic markets in the world.
Act now to secure this exceptional investment property! Contact us today for additional details or to schedule a viewing.
