$495,000
●
Co-op -
Off Market
249 ELDRIDGE Street #MULTI
Manhattan, NY 10002
2 Beds
1 Bath
2,000 Ft²
$782,903
RealtyHop Estimate
58.16%
Since Feb 1, 2017
NY-New York
Primary Model
About This Property
***INVESTORS ONLY***
FirstService Realty is pleased to offer for sale 4 Unsold Sponsor units at 249 Eldridge Street in the Lower East Side on the southwest corner of East Houston and Eldridge Street. 249 Eldridge Street is a 25 unit, 6 story walk-up cooperative apartment building. These units are occupied by Rent Stabilized tenants. This is an excellent opportunity for an investor to purchase four apartments for the price of one. The units for sale are 10, 15, 22, 24.
These four units are being offered for sale at approximately 20% of their Free Market value. Each unit is a 2 Bedroom, 1 Bathroom and all are in original condition. The purchaser can be assigned as the holder of unsold shares.
The property is located 2 blocks away from the 2nd Avenue F train, and 7 blocks from the Broadway-Lafayette B, D, F, M, and 6 train. The property is 6 blocks away from the Essex Crossing development.
Please contact me for further information regarding tenancy and floorplans. All due diligence materials available upon request.
FirstService Realty is pleased to offer for sale 4 Unsold Sponsor units at 249 Eldridge Street in the Lower East Side on the southwest corner of East Houston and Eldridge Street. 249 Eldridge Street is a 25 unit, 6 story walk-up cooperative apartment building. These units are occupied by Rent Stabilized tenants. This is an excellent opportunity for an investor to purchase four apartments for the price of one. The units for sale are 10, 15, 22, 24.
These four units are being offered for sale at approximately 20% of their Free Market value. Each unit is a 2 Bedroom, 1 Bathroom and all are in original condition. The purchaser can be assigned as the holder of unsold shares.
The property is located 2 blocks away from the 2nd Avenue F train, and 7 blocks from the Broadway-Lafayette B, D, F, M, and 6 train. The property is 6 blocks away from the Essex Crossing development.
Please contact me for further information regarding tenancy and floorplans. All due diligence materials available upon request.
Unit Size
2,000 Ft²
Days on Market
-
Land Size
-
Price per sqft
$248
Property Type
Co-op
Property Taxes
-
HOA Dues
$3,594
Year Built
1900
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 3 years ago (RLS #NEST-17032)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 30, 2017 | Sold | ||
| Sold | |||
| Jun 13, 2016 | Listed by The Heller Organization Inc | $495,000 | |
| Listed by The Heller Organization Inc | |||
Property Highlights
Interior Details
Bedrooms: 2
Living Area: 2000
Rooms: 16
Exterior Details
Pets Allowed: Building Yes, Yes
Tax Block: 422
Location Details
Subdivision Name: Lower East Side
Association Fee: $3,594
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
05/12/2026
|
1 Bed
|
1 Bath
|
600 ft²
|
$550,000
1 Bed
1 Bath
600 ft²
|
$550,000
10/14/2026
|
Charles Olson
| |
|
06/13/2021
|
2 Bed
|
1 Bath
|
-
|
$629,000
2 Bed
1 Bath
|
$620,000
-1.43%
01/21/2022
|
Damon Kinard
Prudential Douglas Elliman Real Estate
| |
|
08/22/2018
|
2 Bed
|
1 Bath
|
-
|
$699,000
2 Bed
1 Bath
|
$680,000
-2.72%
01/10/2019
|
David Ghoneim
Elegran Real Estate and Development
| |
|
05/29/2018
|
2 Bed
|
1 Bath
|
-
|
$655,000
2 Bed
1 Bath
|
$655,000
09/28/2018
|
Grigoriy Vladimirskiy
Serhant LLC
| |
|
09/27/2016
|
2 Bed
|
1 Bath
|
-
|
$649,900
2 Bed
1 Bath
|
$625,000
-3.83%
02/05/2021
|
Douglas Perlson
Perlson Douglas J
| |
|
06/13/2016
|
2 Bed
|
1 Bath
|
2000 ft²
|
$495,000
2 Bed
1 Bath
2000 ft²
|
$495,000
01/30/2017
|
Clinton Botway
Heller Organization, The
| |
|
06/08/2016
|
2 Bed
|
1 Bath
|
-
|
$625,000
2 Bed
1 Bath
|
$625,000
10/04/2016
|
Georgine Paulin
The Corcoran Group
| |
|
04/19/2016
|
1 Bed
|
1 Bath
|
-
|
$575,000
1 Bed
1 Bath
|
$575,000
08/30/2016
|
Patricia (Pat) Y. Goodwin
Howard Hanna Horseheads
| |
|
06/04/2015
|
2 Bed
|
1 Bath
|
450 ft²
|
$549,000
2 Bed
1 Bath
450 ft²
|
-
-
|
Jacob J Goldman
LoHo Realty, Inc.
|
Building Info
About Downtown Manhattan
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Listed by: Clinton Botway
Listing Courtesy of The Heller Organization Inc
Last Updated: 3 years ago
Last Checked: 8 minutes ago
Data Source: REBNY (©2026 Real Estate Board of New York)
The information is being provided by REBNY Listing Service, Inc. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 REBNY Listing Service, Inc. All rights reserved. RLS Data display by RH Advisors.
Listing Courtesy of The Heller Organization Inc
Last Updated: 3 years ago
Last Checked: 8 minutes ago
Data Source: REBNY (©2026 Real Estate Board of New York)
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017