105-107 Eldridge St 18 Unit Apartment Building $19,026,000 CAD ($1,057,000 CAD/Unit) 7.10% Cap Rate New York, NY 10002

PRIME LOWER EAST SIDE MIXED-USE INVESTMENT | 7.10% PRO FORMA CAP | 100% FREE MARKET & MASSIVE VALUE-ADD
Libret Real Estate is pleased to present 105 Eldridge Street, a premier 20-unit mixed-use investment opportunity located in the vibrant heart of Manhattan’s Lower East Side. Comprising 18 residential apartments and 2 commercial spaces across 13,544 gross square feet, this property offers a rare combination of stabilized in-place cash flow and massive, immediate upside.
INVESTMENT HIGHLIGHTS:
100% Free Market Residential: All 18 residential units are completely unregulated (with an official DHCR letter confirming no rent-stabilized registrations). This offers ultimate flexibility for repositioning and aligning rents to market levels upon turnover.
The "Crown Jewel" Commercial Space: The vacant 1S unit presents a legendary value-add opportunity. Formerly the iconic live music venue "Fontana's," this massive 6,500 SF multi-level space features turn-key entertainment infrastructure (high ceilings, built-in live stage, mezzanine) and a proven liquor license history. It is perfectly positioned to command a highly competitive $40,000/month premium rent.
Delivered "Free and Clear": The existing mortgage was successfully paid off in January 2026. The property will be delivered completely free and clear of any debt, allowing buyers to secure optimal financing and immediately reduce insurance premiums by eliminating lender escrow requirements.
Exceptionally Low Expense Ratio (28%): All units are equipped with individual meters and boilers. Tenants pay for their own heat and hot water, significantly minimizing owner expenses and maximizing Net Operating Income (NOI).
FINANCIAL SNAPSHOT (PRO FORMA STABILIZED):
Asking Price: $14,000,000
Cap Rate: 7.10%
Net Operating Income (NOI): $993,326
Gross Potential Income: $1,422,600
Whether you are looking for a stable income-producing asset, planning to establish your own flagship venue, or reimagining the future of this legendary LES space, 105 Eldridge Street delivers limitless unpatched potential.
CONFIDENTIALITY & DISCLAIMER: The information contained in this listing and the Offering Memorandum has been obtained from sources believed to be reliable. However, no warranty, representation, or guarantee, express or implied, is made as to the accuracy, completeness, or reliability of the information. All financial projections, including Pro Forma Gross Revenue, Operating Expenses, NOI, Cap Rates, and future rental estimates (including the $40,000/month valuation for Unit 1S), are estimates based on current market assumptions and do not constitute a guarantee of future performance. Any square footage dimensions (including the 6,500 SF estimate for Unit 1S) are approximate and must be independently verified. Prospective buyers must conduct their own independent due diligence. The Seller, its agents, and Libret Real Estate LLC explicitly disclaim any and all liability.