luxury properties for sale Jersey City, United States

217-219 New York Ave, Union City, NJ – Offered at $975,000 | Rare 4-Family Opportunity on a 50x50 Lot. Welcome to 217-219 New York Ave, a rare opportunity to own a solid four-family property in one of Union City’s most convenient and consistently high-demand locations. Situated on an oversized 50x50 lot with driveway parking, this property offers strong income potential, long-term upside, and flexibility for both investors and owner-occupants looking to offset expenses with substantial rental income. The building spans four levels and features a total of 8 bedrooms, 4 full baths, 4 kitchens, multiple living spaces, and additional flexible space. Each residential level offers a traditional 2-bedroom, 1-bath layout that continues to perform well with strong local rental demand. The property may also be eligible for exemption from rent control, presenting even greater long-term value and future income growth potential for qualified buyers. Additional features include gas utilities, baseboard and radiator heat, and a durable low-maintenance exterior with aluminum/vinyl siding and stone finishes. Annual taxes for 2025 are $11,943.95. Exceptionally close to Washington Park, the property is surrounded by local restaurants, cafés, shopping, schools, and neighborhood conveniences. Commuters will appreciate easy access to NJ Transit bus service into Port Authority, nearby light rail connections, and quick routes into Hoboken, Jersey City, and Manhattan via Route 495 and the Lincoln Tunnel. With its oversized lot dimensions, strong location, and flexible layout, this property also presents exciting possibilities for future expansion, redevelopment, or reconfiguration opportunities subject to approvals. Opportunities like this are becoming increasingly difficult to find in today’s market.

PRIME UNION CITY 5-UNIT MULTIFAMILY INVESTMENT | PARKING | SEPARATE UTILITIES Exceptional investment opportunity at 1808 West Street in Union City, featuring 5 residential units—four 1-bedroom apartments and one 2-bedroom apartment. All utilities are separately metered, helping minimize owner expenses, while a finished basement and 1-car parking add value and functionality. Conveniently located near shopping, dining, schools, parks, public transportation, major roadways, Jersey City, Hoboken, and New York City. A strong opportunity for investors seeking multiple income streams in a desirable Hudson County rental market. Buyer to perform independent due diligence regarding zoning, legal use, unit configuration, rents, expenses, basement use, parking, and applicable municipal requirements.

414 Monastery Place, Union City | 3-Family Investment | $849,000 A strong investment should make sense today and still leave room for tomorrow. 414 Monastery Place does exactly that. Recently updated and fully occupied, this 8-bedroom, 3-full-bath, 3-family generates approximately $83,400 in annual gross rental income with reasonable operating expenses and a projected 8.1% cap rate based solely on the 3-family. For investors, it’s a straightforward opportunity: three income-producing units, strong gross rents, an attractive return and long-term upside in one of Hudson County’s active rental markets. For an owner-occupant, the property also offers future flexibility to live in one unit when available while income from the others helps offset ownership costs. And for the buyer thinking bigger, there’s another conversation worth having. The same owner is also offering 414 Monastery Place Rear, a separately taxed single-family home, and 408-12 Monastery Place Rear, an adjacent vacant parcel—both currently listed for sale. Combined with the 3-family, the three parcels total approximately 8,050 SF of land, creating the opportunity to acquire the entire assemblage and explore a larger income-and-development strategy, subject to zoning and municipal approvals. Stay focused on the 3-family or think bigger—the choice is yours. Inquire within for details on the complete three-parcel opportunity. $83,400 gross income. 8.1% projected cap. Fully occupied. Recently updated. 414 Monastery Place is already working from day one.

Step into the heart of Chelsea and discover a haven of style and comfort at 360 West 21st Street. This stunning 2-bedroom, 2-bathroom home perfectly blends modern convenience with classic New York charm, offering the ideal retreat in one of Manhattan's most sought-after neighborhoods. As you enter, you're greeted by an open and airy living space, bathed in natural light. The thoughtfully designed layout offers seamless flow, perfect for everyday living. The kitchen features sleek countertops, premium appliances, and ample storage to inspire your culinary creativity. The generously-sized primary suite offers a private sanctuary complete with its own hotel-esque en-suite bathroom. Beyond the impeccable interior, the location is a dream come true. Nestled on a tree-lined street in the heart of Chelsea, this home puts you just moments away from the High Line, Chelsea Market, and an eclectic mix of galleries, boutiques, and world-class dining. Whether you're savoring a quiet morning stroll along the Hudson River or diving into the vibrant nightlife, this location truly offers the best of city living. 360 W 21st St is more than just a home—it's a lifestyle. Don’t miss the opportunity to make this luxurious Chelsea gem your own!

West Chelsea Garden Duplex with Private Outdoor Space Discover a rare two-bedroom, two-bathroom garden duplex for sale in the heart of West Chelsea, Manhattan—offering a private backyard oasis and indoor-outdoor living rarely found in New York City. This move-in ready home features soaring ceilings, hardwood floors, and an original exposed brick fireplace, combining classic charm with modern comfort. The renovated kitchen includes Viking stainless steel appliances, an LG refrigerator and dishwasher, and a Viking range and microwave—perfect for home chefs who love to entertain. Both full bathrooms are updated with high-end spa finishes, and there is potential to add an in-unit washer and dryer. Step outside to your spacious brick-paved private garden, ideal for outdoor dining, relaxing, or entertaining—your own private sanctuary in the city. Located in prime West Chelsea, this duplex apartment is steps from The High Line, Hudson Yards, Chelsea Piers, and the Hudson River Park. Easy access to the C and E subway lines makes commuting seamless. This home offers the best of townhouse-style living with the convenience of a boutique co-op—perfect for buyers seeking privacy, outdoor space, and a central Chelsea location. Opportunities like this are exceptionally rare in Manhattan. Please note there is a tenant in place through 1/1/2027 and the building does not allow gifting. Furniture is virtually staged.

3505 New York Avenue, Union City | 2-Family | $850,000 A home that can help pay for itself—and a neighborhood that makes everyday life easy. Welcome to 3505 New York Avenue, a 6-bedroom, 3-full-bath two-family offering the space and flexibility to bring family together, live in one unit while collecting income from the other, or simply own a property that can grow with you. The home offers 2 bedrooms on each of the upper three floors, a 1-car garage, gas heat and a generous 25×100 lot—a combination that gives you room, parking and plenty of possibilities. And the location ties it all together. Bergenline and Palisade Avenues are just blocks away, with supermarkets, bakeries, restaurants, pharmacies, shopping and everyday necessities close to home. Schools, parks, playgrounds and houses of worship are all part of the surrounding neighborhood, making daily life convenient without having to go far. For commuters, frequent bus service into Port Authority, along with quick access to Route 495 and the Lincoln Tunnel, keeps Manhattan and the rest of Hudson County within easy reach. Live in it. Share it with family. Let rental income help with the mortgage. Hold it for the future. At $850,000, 3505 New York Avenue gives you the space, parking, location and choices that make a two-family worth owning.

Prime Mixed-Use 4-Unit Property in Union City | 15 Minutes to Manhattan 200 38th St Union City, a rare opportunity to own this prime corner-lot mixed-use property featuring 2 spacious residential units, 2 commercial spaces, and 5 garage parking spaces. Delivered completely vacant, this versatile property offers immediate flexibility and significant upside for investors, business owners, or owner-users. Maximize the potential by repositioning the commercial spaces, securing higher-paying tenants, or operating your own business. Architectural plans are available for a proposed configuration of 3 residential units and 1 commercial unit, subject to approvals. Potential eligibility for a First-Time Homebuyer program with discounted interest rates adds further appeal for qualified buyers. Prime location. Multiple income opportunities. Exceptional flexibility. Significant upside—just minutes from Manhattan.

Rarely available, this exceptional custom renovated 15th floor residence with three-grand sized bedrooms, three-full baths and private terrace is located in The Brevoort, one of Lower Fifth Avenue’s most coveted white-glove, gold-coast full-service buildings. Spanning approximately 2,200 square feet, the home is flooded with natural light from 23 windows and offers breath-taking north, east and west exposures. Quintessential Greenwich Village views include Jefferson Market Library, Con Edison Clock Tower, turn of the century townhomes/buildings and so much more. A gracious entry foyer opens into an expansive living and dining area—ideal for both elegant entertaining and comfortable everyday living. Floor-to-ceiling sliding glass doors lead to a private, approximately 200-square-foot irrigated landscaped terrace, seamlessly blending indoor and outdoor living. The open style windowed kitchen is both stylish and functional, featuring Caesarstone countertops and backsplash, an abundance of custom white cabinetry, premium stainless steel appliances, including Wolf and JennAir, an externally vented hood and butler bar. A raised island breakfast bar proves a seamless transition into the living area beyond. The east side of the home offers exceptional privacy and incredible storage for your 3 extra large bedrooms. The long gallery is highlighted by a Liebherr dual temperature 80-bottle wine closet, a full true laundry room with stackable full size washer/dryer, built-in cabinetry and countertops, a separate mudroom with a private entrance (perfect for baby carriage parking and bulk storage) and five additional custom closets. The first bedroom (11'10 x 18'6), has both western and northern exposures and an abundance of custom built-ins. An elegantly designed wall of shelving/storage, includes a murphy bed and in-wall wiring makes a perfect guest room or office/flex space. The 2 closets associated with the bedroom are fitted. The bathroom, conveniently located across from this bedroom and easily accessible to your guests, has lovely antique brass finishes, neutral tiles and a sliding glass stall shower. Moving down through the hallway and through a pocket door, are the 2 remaining bedroom suites. The oversized primary suite (11'4 x 23') has both northern and eastern exposures through 4 windows. The tranquil retreat easily accommodates your king sized bed and all of your additional furnishings as well as a sitting/lounging area. There is a giant, dual-sided walk-in custom California closet with a window! The extra large, 5 piece spa-like en-suite bathroom is finished in beautiful statuary marble, elegant nickel fixtures and features a double vanity, deep soaking tub, and glass-enclosed rain shower. Enter through another private entry door to your third generously sized bright and inviting bedroom (11'2 x 18') with 4 windows facing both north and east. The double closet in this bedroom is custom fitted. The en-suite bathroom has both a shower/tub and is fitted with glossy gray subway tiles, marble flooring and chrome fixtures. Additional highlights include 5 wide-plank hardwood floors, abundant custom millwork storage throughout, a four-zone Nest climate system, a wired Sonos sound system, crown moldings and custom lighting. Note that the home also transfers with 2 storage units. Ideally situated on Lower Fifth Avenue between Washington Square Park and Union Square, The Brevoort is one of Manhattan’s most distinguished post-war co-ops. This full-service, white-glove building offers an exceptional suite of amenities, including a circular driveway with beautiful landscaped gardens, 24-hour doorman, 24-hour concierge, resident live-in manager, grand lobby with new furniture coming soon (Paid For), newly renovated hallways, lobby-level fitness center, on-site parking garage, bike room, additional laundry facilities, and private storage for each residence. The building is pet-friendly, allows Pied-à-Terre ownership, in-unit washer/dryers, and purchases by parents for working adult children are also allowed with board approval. The Brevoort pursues green initiatives with eco-conscious upgrades, including new energy-efficient windows and supplemental emergency power, enhancing both comfort and sustainability. Located on Greenwich Village’s coveted Gold Coast, residents enjoy immediate access to the vibrant West and East Village, SoHo, NoHo, Union Square, and the Meatpacking District. With close proximity to major subway lines, cross-town bus routes, and premier grocers such as Whole Foods Market, Citarella, Trader Joe's and Wegmans, the location offers unmatched convenience. Surrounded by world-class dining, shopping, and nightlife, this address represents the perfect blend of sophistication, accessibility, and quintessential downtown living. Maintenance includes cable, streaming networks, high speed internet and a phone line. Note this co-op has a required 2% Flip Tax

Spectacular sprawling full-floor LOFT with 12-foot ceilings and 30 oversized windows facing north, south, east and west, showering the apartment with light all day. This incredible 4500-square foot home consumes the entire 9th floor of the building and is an entertainer’s dream come true. Stepping off the secure keyed elevator and into the spacious entry foyer, with an enormous storage closet off to the side, one is greeted by the massive great room, which spans nearly 50-feet and has nine huge windows facing south. The great room is so large there is space for two separate living areas and dining room with space for a 20-person dining table. The open kitchen, which can be closed off with elegant sliding doors, is a dream for any chef - top of the line appliances, including a large, vented range stove and Subzero refrigerator. Off the kitchen is a large laundry room with vented washer-dryer, a spacious pantry, and a fifth en-suite bedroom – perfect for guests or an au pair. Down the hallway on the way to the bedroom wing of the home, there is a powder room and spacious family/media room for the entire family to relax and enjoy. Four oversized bedrooms and three bathrooms make up the bedroom wing. The spacious primary bedroom suite comes with a huge custom walk-in closet and en-suite bathroom with a double-sink vanity, oversized soaking tub, walk-in shower, and separate toilet room for privacy. Gorgeous, newly finished solid oak floors, recessed lighting, ample storage and abundant closets throughout, round out this incredible home. This 13-unit boutique coop features a 24-hour video security in the lobby, secure key-locked passenger elevator, and service elevator. Centrally located between 6th and 7th Avenues at the crossroads of Chelsea, NoMad and Flatiron, close to the area’s best restaurants, shops, Whole Foods, and all major transportation. This financially strong, well-run co-op allows live-work, subletting, and pets.

A Penthouse Loft Defined by Quiet Refinement in NoHo ARCHITECTURAL PROVENANCE 21 Bond Street stands within the NoHo Historic District as a remarkable example of late 19th-century commercial Renaissance Revival architecture. Commissioned by real estate operator Leon Tannenbaum and designed by Buchman & Deisler in 1893, the six-story loft and store building was conceived as a modern interpretation of the Renaissance Revival style. Its cast-iron storefront, framed by brownstone piers, Palladian-inspired second-story windows, and intricate rosettes set within a triangular pediment, reflects the decorative ambition of the era. Grouped openings on the upper floors—highlighted by terra-cotta fleurs-de-lis and a dramatic fanlight-style arch—complete the building’s elegant vertical rhythm beneath a classic iron cornice. DESIGN INSPIRATION Originally conceived as a Renaissance Revival storefront-and-loft building, the residence was reimagined by a noted New York architect whose firm’s international portfolio spans Aspen, Palm Beach, France, Italy, Lebanon, and Saudi Arabia. Seeking to reveal the original character of the 1893 structure, the architect stripped away Sheetrock, exposing the century-old brick and timber framing. A massive new skylight was installed at the center of the living room, drawing sunlight through 14-foot ceilings. The flooring was replaced with Dinesen white oak planks, crafted from trees aged between 80 and 200 years and individually selected for their grain and proportion. Each HeartOak plank is joined with traditional oak butterfly joints, preserving the natural character and integrity of the wood. Throughout, antique European elements introduce a sense of lived-in grandeur—a Provençal-style mantel discovered at the Paris flea market anchors the living room fireplace. GREAT ROOM • Three operable skylights with motorized blackout shades • Four oak-framed arched windows with Lutron blackout shades and mosquito screens • 14-foot ceilings and exposed brick walls • Wide-plank Dinesen solid-oak floors • Gas fireplace with antique French mantel (remote controlled) • 11' × 10' operable skylight • ERCO track-lighting system with wall washers and spotlights • Sony projector with 125” motorized movie screen KITCHEN • Miele 36-inch refrigerator/freezer • Miele dual-fuel range with grille/griddle • Miele out-vented hood and dishwasher • Custom oak cabinetry with antique chicken-wire glass • Julien sink with integral drainboard and garbage disposal • Rosso Verona marble countertops • Vintage 1950s drafting chairs by General Fireproofing Co. PRIMARY BEDROOM • South-facing steel windows with oak Venetian finish • 13-foot ceiling height • Gas fireplace (remote controlled) • Floor-to-ceiling oak wardrobes with mirrored fronts ADDITIONAL BEDROOMS (3) • Each accommodates a king-size bed • Built-in desks and divided oak wardrobes • Solar-powered skylights with blackout shades BATHROOMS (2.5) Primary Bathroom • Radiant-heated French terracotta floors • Deep porcelain cast-iron soaking tub • 12-inch Barber Wilsons exposed shower assembly • Antique Empire vanity with Belgian black-stone top • Dual Toto sinks and custom brass electric towel warmer • Extra-large dual medicine cabinets with Ann Morris sconces • Smart heated toilet with bidet function • Operable window with motorized Lutron blackout shade Secondary Bathroom • Heated French terracotta floors • Antique mahogany vanity with dual Duravit sinks • 12-inch Barber Wilsons exposed shower assembly • Mirrored walls and walk-in glass shower • Triple custom medicine cabinet with Ann Morris sconces • Empire-style accents and custom brass towel warmer • Smart heated toilet with bidet function Powder Room • Operable skylight with blackout shade • Heated French terracotta floors • Antique mahogany vanity with Belgian black-stone top • Mirrored walls • Smart heated toilet with bidet function LAUNDRY ROOM • Two full laundry setups designed for efficiency—one large-load LG washer/dryer and one small-load Miele washer/dryer • Extra-large stainless-steel utility sink with professional spray faucet • Towel warmer for delicate items and clothing care UNIT SYSTEMS • Mitsubishi concealed central air system • Nest-controlled steam heat • Nest smoke and carbon monoxide detection • Lutron-controlled lighting • Dinesen solid European oak floors throughout dry areas • Custom 8-foot-tall, 2-inch-thick oak doors • E.R. Butler & Co. Empire hardware throughout BUILDING FEATURES • Built in 1893 — six-unit boutique loft building • One residence per floor with private keyed elevator • Communal rooftop terrace • Ownership of one-fifth of the ground-floor store • Private Storage Included • Flexible Sublet Policy LOCATION Bond Street is one of Downtown’s most coveted cobblestone blocks—quiet, wide, and beautifully preserved. It offers a rare sense of tranquil privacy in the heart of NoHo.

Welcome to an exceptional investment opportunity in North Bergen. This legal two-family home offers four separate living spaces on a 50×90 lot with parking for 10+ cars, making it ideal for both owner-occupants and investors seeking strong long-term potential. The main residence has been beautifully renovated and features a spacious open-concept layout, a designer kitchen with waterfall island, wine fridge, premium cabinetry, and gold-accent fixtures. The upper level presents a true retreat with an oversized bedroom suite, custom finishes, and a spa-inspired bathroom complete with a freestanding soaking tub, multi-jet shower, and expansive double vanity. Additional units provide flexible rental options, including a finished basement apartment and two upper-level living spaces. The fourth unit has been gutted but fully roughed, offering a ready-to-finish opportunity for added income. One meter currently servicing the property (buyers may add meters as needed), strong rental demand in the area, and surrounding homes selling quickly, this property delivers remarkable upside. A rare combination of space, parking, and versatility in North Bergen, centrally located near major transportation, shopping, and parks.

This incomparable full-floor residence by AD100 firm Ashe Leandro offers exquisite design, tranquil treetop views, private outdoor space, and a sought-after key to Gramercy Park. Currently configured as a generous two bedroom plus library with two and a half baths, each moment in this apartment was carefully crafted to provide decidedly elegant yet relaxed living spaces. A direct elevator entry opens onto a wide gallery, dividing public and private spaces. The living room is perfectly proportioned and features a full wall of glass overlooking Gramercy Park below, as well as a gas fireplace clad in marble, intricately-patterned parquet de Versailles hardwood floors, and custom moldings. The custom lacquered library is adjacent and extends across the unit’s 27 feet of width, with perfect park views and a chic powder room. The formal dining room is wrapped in custom moldings and has a custom lacquer bar, perfect for beverage and stemware storage and display. An elegant kitchen is discreetly located off the dining room, complete with custom cabinetry, marble and butcher block countertops, a range by Lacanche, and refrigeration by Sub-Zero. The home’s primary bedroom suite is absolute perfection, with a gas fireplace clad in vein-cut limestone, multiple closets including a large walk-in, and a chic en-suite bath finished in Carrara marble with radiant heated mosaic tile floors, double sink vanity, a clawfoot soaking tub, oversized shower, and brass fixtures throughout. A private solarium extends the primary suite and is perfect for a sitting room or office and provides access to the private terrace with stone flooring and a custom trellis by Harrison Green. The second bedroom also has access to this lovely outdoor space and has access to a second full bathroom with vintage-inspired finishes. Central HVAC, a built-in Savant system, central humidification, washer/dryer, and designer lighting controls complete this turn-key residence.

Welcome to an exceptional residence at 1 Lexington Avenue, an elegant co-op offering the perfect blend of luxury and functionality on Gramercy Park. This striking residence spans has been fully renovated and features 2 bedrooms, 2.5 bathrooms, and a wood burning fireplace. Step inside and be struck by its loft like proportions, seating the perfect ambiance for relaxing or entertaining. The heart of the home features multiple exposures, a large open kitchen, with adjacent laundry room, separate dining area and an expansive living area with powder room. The primary suite features a dressing hallway, and a massive ensuite bathroom, a built in desk and the fireplace. The second bedroom is large in scale and also features an ensuite bathroom. One Lexington is the most elegant white glove full service residential building in Gramercy. Built in 1910 overlooking Gramercy Park, 1 Lexington is a distinguished pre-war cooperative designed by architect Herbert Lucas at a moment when the neighborhood was emerging as one of Manhattan’s most refined residential enclaves. Conceived for permanence and long-term ownership, the building has remained a discreet, tightly held address, preserving its architectural integrity and enduring pedigree for more than a century. This residence comes with a coveted key to Gramercy Park.

Perched above the southwest corner of Gramercy Park, this nearly 5,000 square foot residence spans the top three floors of 34 Gramercy Park East, New York’s first cooperative building, and combines four apartments into a singular home defined by history and craftsmanship. Reclaimed floorboards, hand-painted Venetian plaster hallways, and repurposed stained glass create warmth and continuity, while vintage Stillnovo fixtures and an ERV system introduce modern refinement. A private seventh floor entry opens to a living room rich in detail, including custom Bednark paneling, 1940s wallpaper, and a concealed projection system. Four gas fireplaces are positioned throughout. The west facing eat-in kitchen overlooks Gramercy Park and features E.R. Butler hardware, a customized Miele refrigerator, Wolf range, antique tile fireplace, and a large dining area with an oversized walk-in pantry. The eighth floor is anchored by a dramatic Great Room designed as a private members club-style bar and lounge, complete with a vintage stained glass back bar, wet bar, and stone fireplace. A hidden playroom sits discreetly behind an unassuming staircase. The top floor is dedicated to a skylit primary suite with a fireplace, wet bar, seating alcove, dual dressing rooms, and a spa bath with steam shower and soaking room. Additional bedrooms and flexible spaces are thoughtfully arranged throughout. Multi-zone central air and Crestron automation complete the home. A rare combination of heritage, design, and modern living in one of Manhattan’s most storied addresses. Co-listed with Stefani Berkin of R New York.

This iconic NoMad penthouse loft was designed by acclaimed AD100 architect and designer Daniel Romualdez, and crowns 105 East 29th Street. Occupying the full top two floors of this boutique loft cooperative—approximately 3,400 square feet—the home is complemented by a penthouse bulkhead and a substantial private rooftop terrace spanning over 1,000 square feet. With four exposures, wraparound views, and exceptional privacy, the residence offers a rare combination of scale, light, and turnkey condition. A key-locked elevator opens directly into a private foyer, leading to a dramatic great room defined by 11-foot ceilings and expansive southern and eastern light. The open living and dining areas are thoughtfully proportioned for both everyday living and large-scale entertaining. The south-facing living room is anchored by a custom built-in library wall and offers ample space for multiple seating arrangements, while the adjacent dining area enjoys bright eastern exposure. The open kitchen is equipped with stainless steel appliances by Gaggenau, generous pantry storage, and integrated laundry. The bedroom wing is privately situated along the northern side of the home. The primary suite occupies a corner position with protected northern views, a substantial custom closet, and a spa-quality bath featuring a soaking tub, double vanity, separate shower, and enclosed water closet. Two additional bedrooms and a full bath complete this level. A sculptural iron spiral staircase leads to the glass-enclosed penthouse level, offering a flexible suite of spaces including a lounge, office area, wet bar, and full bathroom. Multiple sliding doors open to the expansive rooftop terrace, which wraps the residence and is designed for seamless indoor-outdoor living. Features include mature plantings with irrigation, an outdoor shower, and multiple areas for dining and lounging. Additional highlights include multi-zone central air conditioning, automated lighting and shade systems, and extensive storage throughout. Built in 1913, 105 East 29th Street is an intimate 11-residence cooperative with a newly renovated lobby and virtual doorman. The building is moments from some of the city’s most notable dining destinations, including Eleven Madison Park, Gramercy Tavern, and Union Square Cafe, as well as everyday conveniences like Whole Foods Market. Madison Square Park is just a short distance away.

The Formation Team is pleased to present 39 Eldridge Street, a commercial building in the heart of Manhattan’s Chinatown/ Lower East Side corridor. This five story building is currently configured as four floor-through commercial spaces over ground-floor retail, 39 Eldridge Street is especially well-suited for a future condominium conversion and to capitalize on the opportunities presented by the City of Yes zoning initiatives, including potential utilization of additional FAR. - Building Overview The current configuration, efficient floorplates, and building scale make the property highly adaptable—whether for continued operation as commercial or as a conversion to residential condominiums with a retail or community-facility component. - City of Yes & Development Potential As New York City advances its City of Yes zoning text amendments aimed at unlocking housing supply and encouraging reinvestment in existing building stock, 39 Eldridge Street is poised to benefit. The property offers a compelling platform for a forward-thinking owner to explore: • As-of-right and potential enhanced residential use under the evolving zoning framework • Reconfiguration of existing layouts to maximize sellable condo square footage • Strategic legalization or optimization of residential density in line with future text changes - Condominium Conversion & Additional FAR 39 Eldridge Street is an attractive candidate for a boutique condo conversion, with the ability to create highly marketable one- and two-bedroom units appealing to both end-users and investors seeking downtown ownership product. The property already benefits from south-facing windows on the 4th and 5th floors (a third exposure) and offers the potential to add north-facing windows on all floors (a fourth exposure), significantly enhancing light, air, and overall residential desirability. Preliminary zoning analysis suggests potential for additional buildable square footage/FAR, allowing a purchaser to explore vertical extensions, rooftop amenity space, or penthouse levels (subject to a full architectural and zoning review, DOB approvals, and all applicable regulations). This combination of existing improvements, multiple exposures, and expansion potential offers a clear path to value creation. - Desirable Downtown Location Ideally situated on Eldridge Street in the core of Chinatown/Lower East Side, the property benefits from exceptional neighborhood demand and connectivity. Residents and future condo owners enjoy immediate access to Essex Crossing, Sara D. Roosevelt Park, an abundance of dining, grocery, and retail options, and nearby cultural destinations in SoHo and the Lower East Side. The building is convenient to multiple subway lines—including the B/D, J/Z, F, N/Q/R/W, and 6 trains—offering seamless access to Midtown, Brooklyn, and the Financial District. This central downtown location further enhances the appeal of 39 Eldridge Street as a long-term hold, condo exit, or phased redevelopment play.