At the stated asking rent, the space equates to approximately $85.71 per square foot annually. The building is a five-story property constructed in 1909; public property records classify it as a walk-up apartment building with commercial space, including two commercial units.

Key Features

• Asking Rent: $5,000/month
• Available Space: 700 SF
• Approximate Rent: $85.71/SF/year
• Property Type: Office
• Lease Type: Direct Lease
• Building Type: Mixed residential/commercial
• Year Built: 1909
• Stories: 5
• Location: Eldridge Street, Lower East Side
• Positioning: Boutique office footprint suited to a small professional, creative, design, production, consulting, or similar office user, subject to permitted use
• Transit Access: The B/D trains at Grand Street are less than 500 feet away, with the J/Z at Bowery and F/J/M/Z service at Delancey Street and Essex Street also nearby.

Neighborhood Highlights

116 Eldridge Street sits in the Lower East Side, close to the neighborhood’s concentration of restaurants, cafés, galleries, nightlife, retail, and creative businesses. Its location also provides convenient access to Chinatown, the Bowery, Nolita, and other downtown Manhattan neighborhoods.

Transportation is a notable advantage. The Grand Street B/D station is less than 500 feet away, while Bowery, Delancey Street, Essex Street, and East Broadway stations provide additional subway options within walking distance.

For a smaller office tenant, the combination of a 700 SF footprint, downtown location, and multiple nearby subway lines may make the space particularly relevant for boutique firms seeking a Lower East Side presence without committing to a large office floor.

Summary

The approximately 700 SF office space at 116 Eldridge Street, New York, NY 10002, is offered at $5,000 per month, equivalent to approximately $85.71 per square foot annually. With a Lower East Side location, compact footprint, and convenient access to several subway lines, the space represents a potential option for a boutique professional or creative office user seeking a downtown Manhattan location.