Eldridge Street Development Listed for $21M
With Essex Crossing almost completely operational, the trend is to cash out. Specifically those building owners orbiting the billion-dollar development, who can now command top price.
The eight-story development at 165 Eldridge Street, north of Delancey, is next up. The seventeen-year-old housing complex hit the market last week (via Compass) for a whopping $21 million. It’s a market-rate elevator property with eighteen apartments – 12 one-bedrooms, 4 two-bedrooms, and 2 three-bedrooms. There is also a 15,000 square-foot commercial space, currently occupied by the Chinese-American Planning Council for its career center.
165 Eldridge is located on a block dominated by houses of worship – three churches and a mosque between Rivington and Delancey.