109 Eldridge Street

Avison Young, as exclusive agent, is pleased to offer for sale 109 Eldridge Street (the “Property”), a six-story mixed-use walk-up building located on the west side of Eldridge Street between Broome Street and Grand Street in the heart of Manhattan’s Lower East Side.

The Property comprises twenty (20) residential units over two (2) ground-floor retail spaces across 11,562± square feet. Of the residential units, nine (9) are free market, nine (9) are rent stabilized, and two (2) are rent controlled. Of the rent stabilized units, three (3) are achieving market rent from taking possession of a rent controlled unit and unit combinations. While the units are well maintained, there is room to grow the rents in all the free market units through light cosmetic renovations and future upside with recapturing the rent controlled units.