The Eloise
Multifamily | 39 Units | $576,923/unit
Marketing description
Colliers has been exclusively retained to market the sale
of The Eloise, located at 235 East 10th Street in the East
Village neighborhood of Manhattan, NY (the “Property” or
“Opportunity”) for $22.5 million. The Property is a newlyrenovated,
16,987-GSF multifamily building comprised of 39
residential units. Of the 39 units, 31 of them are free-market
(80%). The seller recently completed an extensive renovation
of the Property, encompassing all residential units, common
areas, and building systems.
The East Village delivers one of Manhattan’s most desirable
living experiences with a seamless blend of historic character
and contemporary energy. Once the heart of New York’s artistic
and countercultural scene, the neighborhood has transformed
into a vibrant residential community that combines its
historically creative spirit with everyday convenience.
Investment highlights
The property has been fully renovated with condolevel
finishes. The project was designed to modernize
the asset, improve operational efficiency, and elevate
market positioning.
31 of out the 39 residential units at the property are
free-market units, allowing investors to take advantage
of continued rent growth.
The Property is located in the highly-sought-after
neighborhood of East Village, Manhattan. The
submarket attracts a mix of young professionals,
students and families who are drawn to the
EV’s diverse and vibrant feel with convenient
access to everything.
The Property is proximate to multiple public
transportation lines including the N/Q/R/W, 4/5/6 and
L subway lines, offering residents convenient access to
the rest of the city and outer boroughs.
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