Brandon Polakoff & Ryan McGuirl Of Avison Young Facilitate Sale Of Mixed-Use Property For $16.5M In Lower East Side
245 Eldridge Street
$16,475,000
$1,086/SF
Building Size
15,160 SF
Asset Type
Mixed-use
Closing
Dec 21, 2025
AI
This mixed-use asset located at 245 Eldridge Street in the Lower East Side was sold for $16,500,000. The property encompasses a total square footage of 15,160, resulting in a price per square foot of $1,088.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $16,500,000
- Address: 245 Eldridge Street
- Market: Lower East Side
- Square Footage: 15,160
- Price per Square Foot: $1,088
- Brokers: Brandon Polakoff & Ryan McGuirl - Avison Young
Brandon Polakoff and Ryan McGuirl from Avison Young represented the transaction in this sale, facilitating the deal that involved the mixed-use property in a notable market area.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.96%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93