170 Eldridge St - Lower East Side, New York

        

 

170 Eldridge St - Lower East Side, New York

 

Faded lettering on the facade of 170 Eldridge Street reveals a bygone era, when this unique three-story, 25 foot wide by 80 foot deep red brick carriage house was owned by Sigmund Oppenheimer, the founder of a lucrative sausage casing business in the late 1800s. Perhaps the oldest remaining hand painted sign in Manhattan, preservation of such detail is a rarity, adding to the historical charm of this exceptional property, where the loading dock currently used as a garage was originally designed for horse drawn carriages.

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, surrounded by plants and flowers, as well as an exposed pulley system that once operated a flatbed elevator, creating 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 large enough to accommodate a piano and a library with seating. 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.

Uniquely configured as a mixed use single family duplex in a commercial district with exceptionally low annual real estate taxes, currently $10,931, opportunities exist to convert this carriage house into commercial use, offering the potential for both residential and investment income. Zoned C4-4A and currently utilizing approximately 6,000 of 8,824 maximum allowable square feet, an extension to the current height of the building is possible.

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, Schiller's Liquor Bar, the Sunshine Cinema, Freemans, Whole Foods, the Tenement Museum, and the New Museum on the Bowery.

Several photos have been virtually staged. Shown exclusively by appointment only.

 

This listing courtesy of Douglas Elliman

Property Details:

  • 170 Eldridge St - Lower East Side, New York
  • Price: $9,500,000
  • Neighborhood: Lower East Side
  • Single Family Townhouse
  • Approximate Sq. Feet: 6,000
  • Listing ID: 2379819

Area Details:

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Amanda Rosenberg

Amanda Rosenberg

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