105-107 Eldridge St Immeuble residentiel 18 lots 12 080 180 € (671 121 €/Lot) Taux de capitalisation 7,10 % New York, NY 10002

7.10% PRO FORMA CAP RATE | 100% FREE-MARKET 20-UNIT MIXED-USE IN THE LES | RARE HIGH-CAPACITY VENUES (1S: 269 PERSONS & 2S: 115 PERSONS)
¦ PROPERTY OVERVIEW
Libret Real Estate is pleased to present 105 Eldridge Street, a premier 20-unit mixed-use investment opportunity located in the vibrant heart of Manhattan's Lower East Side
. Comprising 18 residential apartments and 2 commercial spaces across 13,544 gross square feet, this property offers a rare combination of stabilized in-place cash flow and massive, immediate upside
.
¦ INVESTMENT HIGHLIGHTS
The "Crown Jewel" Commercial Space (Rare High-Capacity CofO): The vacant 1S unit (~6,500 SF) is a rare, turn-key entertainment venue (formerly Fontana's) featuring a built-in stage, mezzanine, and a proven liquor license history. Crucially, it boasts a historical Certificate of Occupancy for up to 269 persons (170 on the Ground Floor, 26 on the Mezzanine, and 73 in the Cellar)—an absolute "unicorn" for nightlife operators. It is perfectly primed to be leased at a premium market rate (Pro Forma: $40,000/month), offering immediate and massive revenue upside.
Anchored by a Proven Hospitality Tenant: The 2S commercial space (featuring its own 115-person CofO) is leased to The Flower Shop (@theflowershopnyc), a renowned Lower East Side pub and bistro recognized by the Michelin Guide as a Bib Gourmand. Their established presence validates the prime location and supports highly stable in-place cash flow generating $264,000 annually.
7.10% Pro Forma Cap Rate: Unparalleled opportunity to acquire a high-yield asset combining stable in-place income with massive revenue potential.
100% Free Market Residential: All 18 residential units are completely unregulated (confirmed by an official DHCR letter with zero rent-stabilized registrations on file), offering ultimate flexibility to align below-market rents to premium market rates upon turnover.
Delivered "Free and Clear": The property will be delivered with zero debt. The existing mortgage was successfully paid off in January 2026, enabling buyers to secure optimal financing, completely eliminate costly lender escrows, and immediately slash insurance premiums.
Exceptionally Low Expense Ratio (28%): All units are equipped with individual meters and boilers. Tenants pay for their own heat and hot water, minimizing owner operating expenses and maximizing the Net Operating Income (NOI).
Prime LES Location: Situated in one of NYC's most rapidly evolving and culturally rich neighborhoods, surrounded by Michelin-starred dining, trendy boutiques, and world-class nightlife.
¦ FINANCIAL SNAPSHOT (PRO FORMA STABILIZED)
Asking Price: $14,000,000
Pro Forma Cap Rate: 7.10%
Net Operating Income (NOI): $993,326
Gross Potential Income: $1,422,600
Total Operating Expenses: $386,596 (28% Expense Ratio)
Total Units: 20 (18 Residential, 2 Commercial)
Gross Floor Area: 13,544 SF
Lot Size: 5,024 SF (50.08 ft x 100.33 ft)
¦ CONFIDENTIALITY & DISCLAIMER The information contained in this listing and the Offering Memorandum has been obtained from sources believed to be reliable. However, no warranty, representation, or guarantee, express or implied, is made as to the accuracy, completeness, or reliability of the information. All financial projections, including Pro Forma Gross Revenue, Operating Expenses, NOI, Cap Rates, and future rental estimates (including the $40,000/month valuation for Unit 1S), are estimates based on current market assumptions and do not constitute a guarantee of future performance. Any square footage dimensions (including the 6,500 SF estimate for Unit 1S) and historical Certificate of Occupancy capacities (including the 269 and 115 permitted persons) are approximate, provided for informational purposes only, and must be independently verified with a licensed architect and the NYC Department of Buildings
. Prospective buyers must conduct their own independent due diligence. The Seller, its agents, and Libret Real Estate LLC explicitly disclaim any and all liability