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245 Eldridge Street

Brandon Polakoff & Ryan McGuirl Of Avison Young Facilitate Sale Of Mixed-Use Property For $16.5M In Lower East Side
SOLDMixed-use

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

Brandon Polakoff

Avison Young

Broker

$1.8B

vol

124 deals

Broker

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