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57 Ludlow St 4,200 SF 100% Leased Retail Building New York, NY 10002 $4,500,000 ($1,071.43/SF)
Investment Highlights
- Prime corner Lower East SIde SW corner Grand & Ludlow built by John Jacob Astor family
- Full basement with 8’ ceilings and dual access points
- 4,200+ SF of available air rights for expansion
- Loft-style upper floors with high ceilings and open layouts
- Zoned for mixed-use or commercial redevelopment
- Landmark corner building with dual street frontage
Executive Summary
A 3 1/2 story corner commercial building which has a store on the ground floor with a full basement. The upper two floors are being used for storage. The building has a side entrance, fire escape and windows on Ludlow Street.
The building is a prime user opportunity for a restaurant, pharmacy, art gallery, a supermarket can occupy the first and second floors and use the third as an office. The property is in need of a complete gut renovation and is being sold in “as is” condition. The property is also a prime development opportunity, and can be used for commercial and mixed use. The building is landmarked.
The building is a prime user opportunity for a restaurant, pharmacy, art gallery, a supermarket can occupy the first and second floors and use the third as an office. The property is in need of a complete gut renovation and is being sold in “as is” condition. The property is also a prime development opportunity, and can be used for commercial and mixed use. The building is landmarked.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
4,200 SF
Building Class
C
Year Built
1832
Price
$4,500,000
Price Per SF
$1,071.43
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
3.00
Lot Size
0.03 AC
Zoning
C6-2
Frontage
Walk Score®
Walker's Paradise (100)
Transit Score®
Rider's Paradise (100)
Bike Score®
Biker's Paradise (97)
Nearby Major Retailers
Property Taxes
| Parcel Number | 0309-0019 | Improvements Assessment | $395,100 |
| Land Assessment | $74,700 | Total Assessment | $469,800 |
Property Taxes
Parcel Number
0309-0019
Land Assessment
$74,700
Improvements Assessment
$395,100
Total Assessment
$469,800
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Presented by
Grand Success Realty
57 Ludlow St
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