SOLDMixed-use
Takeshi Ochiai Of Shinko Co. Ltd Acquires Mixed-Use Property At 245 Eldridge Street For $24M
245 Eldridge Street
$24,000,000
$1,694/SF
Building Size
14,161 SF
Asset Type
Mixed-use
Closing
Jun 7, 2026
About this deal
AI
A 14,161-square-foot mixed-use property has been acquired at 245 Eldridge Street, situated in Manhattan’s Lower East Side. The property was sold for $24 million, which equates to approximately $1,695 per square foot.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $24,000,000
- Address: 245 Eldridge Street
- Market: Lower East Side, Manhattan
- Seller: 245 Eldrige LLC
- Buyer: Takeshi Ochiai - Shinko Co. Ltd
- Square Footage: 14,161
- Price Per Square Foot: $1,695
Takeshi Ochiai, representing Shinko Co. Ltd, facilitated the transaction with 245 Eldrige LLC acting as the seller in the deal for the mixed-use property located in a prime Manhattan location.
On the Map
$24,000,000
$1,694/SF
Mixed-use
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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
0.66%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93