Eldridge Street Development Listed for $21M
Photo: Compass
With Essex Crossing almost completely operational, the trend is to cash out. Specifically those building owners orbiting the billion-dollar development, who can now command top price.
The eight-story development at 165 Eldridge Street, north of Delancey, is next up. The seventeen-year-old housing complex hit the market last week (via Compass) for a whopping $21 million. It’s a market-rate elevator property with eighteen apartments – 12 one-bedrooms, 4 two-bedrooms, and 2 three-bedrooms. There is also a 15,000 square-foot commercial space, currently occupied by the Chinese-American Planning Council for its career center.
165 Eldridge is located on a block dominated by houses of worship – three churches and a mosque between Rivington and Delancey.
Recent Stories
LES Cop Shooting Still Cold Case 8 Years Later
Eight years later, it remains a cold case. In the early morning hours of July 5, 2012, two cops sustained gunfire during a drug bust in the Seward Park Extension on Essex Street. The shooter is still wanted for attempted murder of a police officer, and remains at large. Officers Brian Groves and Eric Corniel chased a suspected […]
Vendors Return to the Market Line on the Lower East Side
As the city slowly attempts to normalize in the wake of COVID-19 lockdown, so too does Essex Crossing. Its underground food court – the Market Line – is now back to business. Several vendors returned and are open, albeit via pick up and delivery only. Those who live within a ten-mile radius of the Market […]
Mayor’s Borough-Based Jail Plan Defunded $473M and Now on Hold
Grassroots groups in diametric opposition to the city’s borough-based jail plan this week declared victory at its delay. For now. Last week, City Council and Mayor de Blasio approved the $88.1 billion budget for the 2021 fiscal year. Within the accompanying report, the city mentioned, “Planned commitments for new borough-based jails have been reduced by […]
Elizabeth Street Garden Reopens Post-Shutdown
At a time when city folk are clamoring for more open space, the Elizabeth Street Garden comes to the rescue. The one-acre sculpture park – nestled in the middle of Little Italy – reopened to the public over the weekend. Yet, with limited hours. Temporary visitation is weekends from 10:00am to 6:00pm. There are also […]
Beverly’s Bar Shutters After 7 Years on Essex Street
The pink neons have gone dark, as Essex Street loses one of its cool kid hangs. Beverly’s, the trendy art bar founded in late-2012 by Sweet Paradise veteran Leah Dixon, closed forever last week. Just shy of its eighth birthday. A leasing sign hangs awkwardly from the rolldown gate. “We are looking reality in the […]
