67 Ludlow St, New York, NY 10002
- $3,150,000
- 20
- BA
- 9,972
- SqFt
- List Price
- $3,150,000
- Status
- ACTIVE
- MLS#
- RLS20115331
- Year Built
- 1900
- Days on Market
- 1
- Bathrooms
- 20
- Baths Full
- 20
- Living Area
- 9,972
- County
- New York
- Subdivision
- Lower East Side
- Neighborhood
- Lower East Side
- Total Number of Rooms
- 20
- Region
- Manhattan
- Hoa Fee
- $5,688
Property Description
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. 67 Ludlow St delivers a 6.81% cap rate on in-place actuals and $150,000 per unit. 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.
Additional Information
- Number Of Units
- 21
- Building Stories
- 6
- Building Features
- Elevators
- Laundry
- Common Area
- Pets
- Cats OK, Cats OK, Dogs OK
- Entry Level
- 1
- Taxes
- $85,785
- Furnished
- Unfurnished
Mortgage Calculator
Listing courtesy of Listing Agent: Marshal Li (marshal.li@compass.com) from Listing Office: Compass.
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