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
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