5 Eldridge St New York, NY 10002
Property profile & analytics
5 Eldridge St New York, NY 10002
- Retail residential properties
- 8,370 SF
- 0.04 lot acres
Property ID
US63-1803077
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Contractor Construction NYC / Construction Company / General Contractor
- China Employment Agency / Employment Agency
- New World Employment Agency / Employment Agency
- Jobs / Employment Agency
- Shing Tao Employment Agency / Employment Agency
Property Details for 5 Eldridge St
- Year built
- 1900
- Lot size
- 0.04 lot acres
- Property size
- 8,370 SF
- Zone code
- C61G
- Property type
- Retail residential properties
- APN
- 00292-0029
- APU
- 2920029
Description
This exceptional mixed-use building at 5 Eldridge Street, New York, NY 10002, offers a compelling value-add opportunity. The 6-story, 8,768 square foot property, built in 1900, sits on a 1,950 square foot lot and boasts 3,330 square feet of air rights. Currently configured as six commercial and eight residential units with 72% occupancy, the building generates a current NOI of $151,000 and a pro-forma NOI of $290,000, representing a 1.89% cap rate and a pro-forma cap rate of 3.62%. The asking price is $8,000,000, or $571,428.57 per unit, and $912.41 per square foot. The property benefits from a prime Lower East Side location, near the intersection of Chinatown, the Bowery, and Two Bridges, with high foot traffic and excellent access to public transportation. Recent commercial tenants include art galleries and a motorcycle shop. Significant upside potential exists through piecemeal renovations or a larger-scale development project, including the addition of bedrooms in residential units and expansion of commercial space. The building's unobstructed views and proximity to the Manhattan Bridge provide lasting appeal. The property has a rich history, having been home to notable artists and serving as a filming location for a television show. Financial details and video tours are available upon request. The permitted zoning is C6-1G.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- New York
- County
- New York
- State
- New York
- Longitude
- -73.994
- Latitude
- 40.7146
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$103,237
$130,500
$695,260
$825,760
-
$290,000
$1,774,000
$2,064,000
