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A blog from CityRealty (Links below will take you to the 6sqft site)

170 Eldridge Street, TH

$9,500,000 ($1,583 per ft2) | 6+ beds, 5.5 baths | Approx. 6,000 ft2

Key Details

  • Listed Feb 22, 2013
    Days on Market 2560
    Building Type Townhouse
    Neighborhood Lower East Side
  • Stories 3
    Year Built 1920

Description

Known as one of the oldest neighborhoods in New York City, the Lower East Side has transformed immensely over the last decade alone, with seemingly endless luxury condominiums replacing former tenements, factories and warehouses. While many of the original buildings from the 1800s and early 1900s have been demolished long ago, the carriage house at 170 Eldridge Street remains intact, with details still preserved from its earliest days. One notable feature is the curb cut, a rarity allowing for a loading dock currently used as a private garage, where horse-drawn carriages once entered the home.

Standing three stories high, with exceptionally generous proportions, spanning 25 feet wide by 80 feet deep, and with incredibly low real estate taxes, currently $13,239 annually, opportunities are varied and great, both for residential and commercial use. In the late 1800s, the home was owned by Sigmund Oppenheimer, the founder of a lucrative sausage casing business. The facade boasts a hand painted sign, faded over the course of over two hundred years, which reads, S.

Oppenheimer. Historical charm like this is hard to find, as it seldom exists today. Despite the age and location of 170 Eldridge Street, it is not landmarked and there is existing FAR still available.

This means that with creative vision, floors can be added, or the carriage house can be replaced entirely. Uniquely configured as a mixed use single family duplex in a commercial district, zoned C4-4A, approximately 6,000 of 8,824 maximum allowable square feet has been utilized, allowing for the addition or creation of a truly unique private residence, live/work building, gallery, recording studio, and much more.Illuminated by two skylights on the upper residential floor, with 15 foot high wood beamed ceilings, is a chef's kitchen appointed with Valcucine cabinetry, Subzero and Miele appliances, an open living and dining area, two wood-burning fireplaces, one bathroom, and a Moroccan tiled staircase leading to the landscaped roof terrace. Against the left wall on both residential floors, which feature radiant heating beneath Italian terracotta tiles, is a custom designed waterfall, showcasing original hardwood flooring removed from the 1996 gut renovation, as well as an exposed pulley system that once operated a flatbed elevator when the home was a printing press prior to the current owner's purchase, creating both a rustic and loft-like ambiance.

There are four bedrooms, a decorative fireplace, a laundry room with a Miele washer/dryer, a home office, a den, 1.5 bathrooms, and a lounge area on the lower residential floor. What was once used as a loading dock may now accommodate three cars and connects to significant storage space, walk-in-closets, two home offices, and a powder room on the first floor. Below, the cellar offers additional storage with a ceiling height of 8 feet and one bathroom.

Discreetly located on a quiet block in the Lower East Side between Delancey and Rivington Streets, 170 Eldridge Street is surrounded by an eclectic mix of both new and classic New York restaurants, bars, and attractions, such as Katz's Delicatessen, the Essex Street Market, Russ & Daughters, the Clinton Street Baking Company, Erin McKenna's Bakery, Roni-Sue's Chocolates, Freemans, Whole Foods, Trader Joe's, the Tenement Museum, and the New Museum on the Bowery.Photos of the roof deck have been virtually staged. Shown exclusively by appointment only.

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Building Amenities

  • Pre War

Estimated Monthly Cost

Area info for 170 Eldridge Street

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Subways

  1. J
  2. Z
at Delencey 0.17 miles
  1. M
  2. F
at Essex 0.17 miles
  1. B
  2. D
at Chrystie 0.20 miles
  1. 6
at Lafayette 0.37 miles
  1. N
  2. R
at Broadway 0.47 miles

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Listing provided courtesy of Douglas Elliman - Manhattan
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