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159 Ludlow St 0.02 Acres of Commercial Land Offered at $1,995,000 in New York, NY 10002
Investment Highlights
- 25' x 42.5' Lot with 25' of Frontage on Ludlow Street
- Fee-simple lot with no existing structure – no demolition required
- Excellent connectivity to the B/D/F/M/J/Zsubway lines
- Up to 5,325 BSF achievable with City of Yes bonus
- Situated steps from Soho House, Katz’s Deli, Mr.Purple, and the Market Line
- Strong demand drivers from continued LES growth and repositioning
Executive Summary
159 Ludlow Street represents a rare, fee-simple development opportunity in the heart of Manhattan’s Lower East Side. Situated midblock between Stanton and Rivington Streets, this vacant 25' x 42.5' lot offers approximately 4,271 BSF as-of-right, with up to 5,325 BSF achievable through the proposed City of Yeszoning bonus.
The site is ideally positioned for a boutique townhouse, luxury multifamily, or mixed-use project with ground-floor retail. Its 25 feet of frontage provides design flexibility not often found in downtown development, especially south of Houston Street.
The Lower East Side remains one of Manhattan’s most dynamic growth corridors, anchored by the transformative Essex Crossing development (1.9 million SF), and a robust pipeline of new residential, hotel, and retail product. Just blocks from the B/D/F/M/J/Z trains and surrounded by over 1,000 restaurants, bars, galleries, and destination retail, 159 Ludlow offers investors or end-users a development-ready site in a proven live-work-play ecosystem.
The site is ideally positioned for a boutique townhouse, luxury multifamily, or mixed-use project with ground-floor retail. Its 25 feet of frontage provides design flexibility not often found in downtown development, especially south of Houston Street.
The Lower East Side remains one of Manhattan’s most dynamic growth corridors, anchored by the transformative Essex Crossing development (1.9 million SF), and a robust pipeline of new residential, hotel, and retail product. Just blocks from the B/D/F/M/J/Z trains and surrounded by over 1,000 restaurants, bars, galleries, and destination retail, 159 Ludlow offers investors or end-users a development-ready site in a proven live-work-play ecosystem.
Property Facts
| Price | $1,995,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Commercial |
| No. Lots | 1 | Total Lot Size | 0.02 AC |
| Property Type | Land | ||
| Zoning | C4-4A - Commercial district predominantly residential in character. | ||
| Price | $1,995,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 0.02 AC |
| Zoning | C4-4A - Commercial district predominantly residential in character. |
1 Lot Available
Lot
| Price | $1,995,000 | Lot Size | 0.02 AC |
| Price Per AC | $81,752,243.58 |
| Price | $1,995,000 |
| Price Per AC | $81,752,243.58 |
| Lot Size | 0.02 AC |
1 1
Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
100/100
Exceptionally bikeable
100/100
Property Taxes
| Parcel Number | 0411-0019 | Improvements Assessment | $0 |
| Land Assessment | $287,280 | Total Assessment | $287,280 |
Property Taxes
Parcel Number
0411-0019
Land Assessment
$287,280
Improvements Assessment
$0
Total Assessment
$287,280
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159 Ludlow St
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