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115 & 117 Ludlow Street 115-117 Ludlow St 19 Unit Apartment Building £7,442,899 (£391,732/Unit) 5.90% Net Initial Yield New York, NY 10002

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INVESTMENT HIGHLIGHTS

  • Mixed-Use Walk-Up Building
  • 18 Apartments: Ten 3BRs & Eight 2BRs
  • Extensive Transportation in Close Proximity
  • Vacant 2,900sf Retail with 40 Feet of Frontage
  • Strong Lower East Side Location near Essex Crossing

DATA ROOM Click Here to Access

  • Offering Memorandum

FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access

ANNUAL ANNUAL PER sq ft
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per sq ft $9.99
Other Income
Annual $99,999
Annual Per sq ft $9.99
Vacancy Loss
Annual $99,999
Annual Per sq ft $9.99
Effective Gross Income
Annual $99,999
Annual Per sq ft $9.99
Taxes
Annual $99,999
Annual Per sq ft $9.99
Operating Expenses
Annual $99,999
Annual Per sq ft $9.99
Total Expenses
Annual $99,999
Annual Per sq ft $9.99
Net Operating Income
Annual $99,999
Annual Per sq ft $9.99

PROPERTY FACTS

Price £7,442,899 Apartment Style Mid-Rise
Price Per Unit £391,732 Costar Property Class C
Sale Type Investment Total Plot Size 0.09 ac
Yield 5.90% Property Size 15,897 sq ft
No. Units 19 No. Floors 5
Property Type Build-to-Rent Year Built 1910
Property Subtype
Apartment
  • General Retail Shopfront Retail / Residential
Use Class C4-4A
Price £7,442,899
Price Per Unit £391,732
Sale Type Investment
Yield 5.90%
No. Units 19
Property Type Build-to-Rent
Property Subtype
Apartment
  • General Retail Shopfront Retail / Residential
Apartment Style Mid-Rise
Costar Property Class C
Total Plot Size 0.09 ac
Property Size 15,897 sq ft
No. Floors 5
Year Built 1910
Use Class C4-4A
1 1
Walk Score®
Excellent pedestrian access (100)
Transit Score®
Rider's Paradise (100)
Bike Score®
Ideal For Cyclists (97)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures how walkable a location is.
Transit Score® measures access to public transport.
Bike Score® measures how accessible a location is by bike
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures how walkable
a location is. Transit Score®
measures access to public transport. Bike Score®
measures how accessible a location is by bike®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Numbers
Multiple
  • 0410-0022
  • 0410-0023
 Total Assessment £1,002,102
Land Assessment £192,326 Annual Taxes -£1 (£0.00/sq ft)
Improvements Assessment £809,776 Tax Year 2025

PROPERTY TAXES

Parcel Numbers
Multiple
  • 0410-0022
  • 0410-0023
Land Assessment
£192,326
Improvements Assessment
£809,776
Total Assessment
£1,002,102
Annual Taxes
-£1 (£0.00/sq ft)
Tax Year
2025
(212) 430-5152

Still interested?

Contact the agents for more information about this property

CONTACTS

  • Listing ID: 35599434

  • Date on Market: 23/04/2025

  • Last Updated:

  • Address: 115-117 Ludlow St, New York, NY 10002

The Lower East Side Build-to-Rent Property at 115-117 Ludlow St, New York, NY 10002 is currently available. Contact Marcus & Millichap for more information.

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115 & 117 Ludlow Street | 115-117 Ludlow St
(212) 430-5152 x

115 & 117 Ludlow Street | 115-117 Ludlow St

John Stewart
(212) 430-5152

Dylan Torey
(646) 805-1444

Thomas Windels
(212) 430-5118

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