18 Eldridge Street

18 Eldridge Street is a condo located in Chinatown, New York. The building was first built in 2007 and is 17 years old. The lot that the building was built on is 25 feet wide and 88 feet long. The official lot area is listed as 2,188 square feet. The building itself is 25 feet wide and 88 feet long. In total, 18 Eldridge Street has a total floor area of 11,583 square feet. Of that, 7,169 square feet are used for residential purposes. About 4,414 square feet of the building are used for commercial purposes. There are a total of 12 units. Of those, 10 are residential units. There are 2 commercial units. 18 Eldridge Street has a total of 6 floors.

Interested in learning more about the building? Great news, subletting is currently allowed, which makes this a great opportunity for folks who just want a secondary home or make some passive rental income. There are many great amenities and features for residents in the building. There are 30 closings on record, of which we have matching data for 2 listings. In the past 3 years, a listing in this building will typically remain on the market for about 144 days and tend to sell above the original asking price of $769,500 by 5.95%. Meaning, listings tend to sell at a median of $1,203 price per square foot. The transaction that took the longest to complete was unit 2A, listed on Nov 10, 2021 for $689,000. This particular unit ultimately sold 170 days later for $730,000. The most recent transaction was for unit 2A, which was first advertised on Nov 10, 2021, sold for $730,000 on Apr 29, 2022. Fun fact, the oldest transaction we have on record took place on Jun 06, 1977. See the full transaction history for 18 Eldridge Street below.

Chinatown, where 18 Eldridge Street is located, has a median asking price of $2,109,000 for condo buildings. Meanwhile, the building itself has a median asking price of $769,500. For interested buyers, that means the building's median asking price is around 0.64% below the neighborhood's median asking price for condos. Which is great news as a buyer may end up finding some relatively affordable units in this building compared to other condo buildings in the neighborhood.

There is currently one active listing for sale within the building and our inventory of available units for sale is constantly updating in real time. Check back frequently for updates. The asking price for the only active sales listing is $698,000. It is a 609 sqft 1-bedroom and 1-bathroom unit.