57 Ludlow St - Storefront Retail/Office FOR SALE


New York, NY 10002- Lower East Side
$4,500,000 USD
212-353-9375
57 Ludlow St, New York, NY for Sale
$4,500,000 USD
Storefront Retail/Office - FOR SALE
1/11
null | Request Cap Rate

57 Ludlow St
New York, NY 10002
Lower East Side


HIGHLIGHTS

  • Prime corner Lower East SIde SW corner Grand & Ludlow built by John Jacob Astor family
  • Loft-style upper floors with high ceilings and open layouts
  • Full basement with 8’ ceilings and dual access points
  • Zoned for mixed-use or commercial redevelopment
  • 4,200+ SF of available air rights for expansion
  • Landmark corner building with dual street frontage

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$1,071 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1832

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.03 AC

LAND SF

1,400 SF

ZONING

C6-2

APN/PARCEL ID

0309-0019

ASK ABOUT THIS PROPERTY

Tzipporah WexlerGrand Success RealtyMore Info
212-353-9375

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Tzipporah WexlerGrand Success RealtyMore Info
212-353-9375

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