115-117 Ludlow St - Apartments FOR SALE


New York, NY 10002- Lower East Side
$9,500,000 USD
646-321-4311
115-117 Ludlow St, New York, NY for Sale
$9,500,000 USD
Apartments - FOR SALE
1/22
null | 6.28% Cap Rate

115-117 Ludlow St
New York, NY 10002
Lower East Side


HIGHLIGHTS

  • Two side by side buildings

OVERVIEW

KW Commercial has been exclusively retained for the sale of this two-building multifamily portfolio on the Lower East Side of Manhattan, offered together as a single package. The offering comprises two adjacent walk-up buildings totaling 18 residential units and two ground-floor commercial spaces. The 18 residential units consist out of 8 two bedrooms and 10 three bedroom apartments of which 10 are RS and 8 FM. The store front spanning a combined 2,900 sf was a former grocery store and offers immediate commercial lease-up upside for a new owner.

FOR SALE DETAILS

PRICE

$9,500,000 USD

PRICE/SF

$598 USD /SF

# OF UNITS

20

PRICE/UNIT

$475,000

CAP RATE

6.28%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

6

YEAR BUILT

1910

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,920 SF

ZONING

C4-4A

APN/PARCEL ID

0410-0022,0410-0023

ASK ABOUT THIS PROPERTY

Edward KalisvaartKW Commercial NYCMore Info
646-321-4311

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Edward KalisvaartKW Commercial NYCMore Info
646-321-4311

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.