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105-107 Eldridge St
New York, NY 10002 Bowery

$14,000,000 USD

Apartments For Sale  •  13,544 SF

Property Details

• Property Type Apartments
• Total Building Size 13,544 SF
• Lot Size 0.12 AC
• Building Class B
• Year Built 1900
• Zoning C6-1 (R7-2)

100 Transit Score

100 Walk Score

Highlights

"Crown Jewel" Commercial Space: Vacant ~6,500 SF turn-key venue (formerly Fontana's) with a rare high-capacity 269-Person CofO.

Anchored by a Proven Tenant: 2S space (115-Person CofO) is leased to Michelin-recognized 'The Flower Shop', generating $264K annually.

7.10% Pro Forma Cap Rate: Rare opportunity to acquire a high-yield asset combining stable in-place income with massive immediate upside.

100% Free Market Residential: All 18 units are completely unregulated, offering ultimate flexibility to align rents to premium market rates.

Delivered "Free & Clear": The existing mortgage is paid off, enabling optimal financing and a massive immediate reduction in insurance.

Exceptionally Low Expense Ratio (28%): Tenant-paid heat and hot water via individual meters and boilers keep owner operating expenses incredibly low.

Property Flyers

105_Eldridge_2026-03-15_OM_v4

105_Eldridge_2026-03-15_OM_v4

Amenities

• Hardwood Floors
• Refrigerator
• Oven
• Tub/Shower

Public Transportation

Commuter Rail	Drive	Walk	Distance
Christopher St (Hoboken-33rd Street - Port Authority Trans-Hudson (PATH), Journal Square-33rd Street - Port Authority Trans-Hudson (PATH))	6 min	-	1.6 mi
9 St (PATH) (Hoboken-33rd Street - Port Authority Trans-Hudson (PATH), Journal Square-33rd Street - Port Authority Trans-Hudson (PATH))	5 min	-	1.6 mi
Transit/Subway	Drive	Walk	Distance
Grand Street (B,D Line) (B - New York MTA Subway (The Subway), D - New York MTA Subway (The Subway))	1 min	2 min	0.1 mi
Bowery (J - New York MTA Subway (The Subway), M - New York MTA Subway (The Subway), Z - New York MTA Subway (The Subway))	1 min	5 min	0.2 mi
Essex Street (J - New York MTA Subway (The Subway), M - New York MTA Subway (The Subway), Z - New York MTA Subway (The Subway))	1 min	6 min	0.3 mi
Delancey Street (F - New York MTA Subway (The Subway))	2 min	6 min	0.3 mi
East Broadway (F - New York MTA Subway (The Subway))	2 min	8 min	0.4 mi
Airport	Drive	Walk	Distance
LaGuardia	19 min	-	9.2 mi
Newark Liberty International	21 min	-	12.7 mi
John F Kennedy International	28 min	-	17.4 mi