FOR SALE

67 Ludlow

New York, Lower East Side, New York City, NY

Asking

$3,300,000

BTC

40.811

ETH

1,386.48

Baths
20
Home Size
9,972 sq. ft.
Year Built
1900
After more than four decades in the same family's hands, 67 Ludlow Street comes to market for the first time, offering investors a rare opportunity to acquire a fully occupied mixed-use walk-up in the heart of the Lower East Side. The property comprises 20 rent-stabilized residential units and a long-standing ground-floor retail tenant, generating $368,737 in gross annual income and $214,693 in NOI. At the $3,300,000 asking price, 67 Ludlow St delivers a 6.5% cap rate on in-place actuals, $157,143 per unit, and roughly $340 per gross square foot, a compelling entry point for a Manhattan asset of this caliber. Situated just two blocks from the Delancey-Essex Street transit hub and steps from Essex Crossing, the building benefits from one of downtown Manhattan's most dynamic and consistently appreciating submarkets. The 25 by 87 lot carries C4-4A zoning, and the ground-floor commercial tenant is secured through 2043 with a 3% biennial rent escalations.

LOADING

Location

Market Area
New York
Neighborhood
Lower East Side

Agents

Marshal Li

+1 310 910 1722

Maria Connolly

+1 310 910 1722

Contact Email

[email protected]