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115 & 117 Ludlow Street 115-117 Ludlow St 19 Unit Apartment Building $9,950,000 ($523,684/Unit) 5.90% Cap Rate New York, NY 10002

Apartment Buildings New York New York 115-117 Ludlow St, New York, NY 10002

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Investment Highlights

  • Mixed-Use Walk-Up Building
  • 18 Apartments: Ten 3BRs & Eight 2BRs
  • Extensive Transportation in Close Proximity
  • Vacant 2,900sf Retail with 40 Feet of Frontage
  • Strong Lower East Side Location near Essex Crossing

Data Room Click Here to Access

  • Offering Memorandum

Financial Summary (Pro Forma - 2025) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Pro Forma - 2025) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual $99,999
Annual Per SF $9.99
Vacancy Loss
Annual $99,999
Annual Per SF $9.99
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $9,950,000 Apartment Style Mid-Rise
Price Per Unit $523,684 Building Class C
Sale Type Investment Lot Size 0.09 AC
Cap Rate 5.90% Building Size 15,897 SF
No. Units 19 No. Stories 5
Property Type Multifamily Year Built 1910
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
Zoning C4-4A
Price $9,950,000
Price Per Unit $523,684
Sale Type Investment
Cap Rate 5.90%
No. Units 19
Property Type Multifamily
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
Apartment Style Mid-Rise
Building Class C
Lot Size 0.09 AC
Building Size 15,897 SF
No. Stories 5
Year Built 1910
Zoning C4-4A
1 1
Walk Score®
Walker's Paradise (100)
Transit Score®
Rider's Paradise (100)
Bike Score®
Biker's Paradise (97)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Property Taxes

Parcel Numbers
Multiple
  • 0410-0022
  • 0410-0023
 Total Assessment $1,339,655
Land Assessment $257,110 Annual Taxes ($1) ($0.00/SF)
Improvements Assessment $1,082,545 Tax Year 2025

Property Taxes

Parcel Numbers
Multiple
  • 0410-0022
  • 0410-0023
Land Assessment
$257,110
Improvements Assessment
$1,082,545
Total Assessment
$1,339,655
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
(212) 430-5152

Still interested?

Contact the brokers for more information about this property

Contacts

  • Listing ID: 35599434

  • Date on Market: 4/23/2025

  • Last Updated:

  • Address: 115-117 Ludlow St, New York, NY 10002

More public record information on 115-117 Ludlow St, New York, NY 10002

The Lower East Side Multifamily Property at 115-117 Ludlow St, New York, NY 10002 is currently available. Contact Marcus & Millichap for more information.

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115 & 117 Ludlow Street | 115-117 Ludlow St
(212) 430-5152 x

115 & 117 Ludlow Street | 115-117 Ludlow St

John Stewart
(212) 430-5152

Dylan Torey
(646) 805-1444

Thomas Windels
(212) 430-5118

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