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135 Eldridge Street

Ralph Della Cava And Robert Cohen Sell Multifamily Property At 135 Eldridge Street For $13.5M
SOLDMultiFamily

Ralph Della Cava And Robert Cohen Sell Multifamily Property At 135 Eldridge Street For $13.5M

135 Eldridge Street

$13,500,000

$623/SF

Building Size

21,648 SF

Asset Type

MultiFamily

Closing

Aug 27, 2025

AI

The property involved in the transaction is a multi-family asset located at 135 Eldridge Street in the Lower East Side market. The sale price of the property was $13,500,000. It comprises a total of 30 residential units and has an overall square footage of 21,648. The price per unit stands at $450,000, while the price per square foot is $623.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $13,500,000
  • Address: 135 Eldridge Street
  • Market: Lower East Side
  • Units: 30
  • Price Per Unit: $450,000
  • Square Footage: 21,648
  • Price Per Square Foot: $623
  • Seller: Ralph Della Cava & Robert Cohen
  • Buyer's Representative: David Shapiro - Grand & Co
  • Seller's Representatives: Logan Markley & Joseph Koicim - Marcus & Millichap

The deal includes notable representatives from both the buying and selling sides. David Shapiro from Grand & Co represented the buyer, while the seller was represented by Logan Markley and Joseph Koicim from Marcus & Millichap. This transaction showcases the collaboration between these parties in the successful exchange of the property.

Players

Logan Markley

Marcus & Millichap

Broker

$970.7M

vol

70 deals

Broker
Joseph (Joe) Koicim
Verified Badge

Joseph Koicim

Marcus & Millichap

Broker

$2.7B

vol

174 deals

Broker
Marcus & Millichap
Marcus & MillichapBrokerage
Robert Cohen

Robert Cohen

Seller

$153M

vol

6 deals

Seller

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.18%

Cash-on-Cash

-0.34%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93