159 Ludlow Street
Land | 1,063 SqFt
Marketing description
159 Ludlow Street represents a rare, fee-simple development opportunity in the heart of Manhattan's Lower East Side. Situated midblock between Stanton and Rivington Streets, this vacant 25' x 42.5' lot offers approximately 4,271 BSF as-of-right, with up to 5,325 BSF achievable through the proposed City of Yes zoning bonus.
The site is ideally positioned for a boutique townhouse, luxury multifamily, or mixed-use project with ground-floor retail. Its 25 feet of frontage provides design flexibility not often found in downtown development, especially south of Houston Street.
The Lower East Side remains one of Manhattan's most dynamic growth corridors, anchored by the transformative Essex Crossing development (1.9 million SF), and a robust pipeline of new residential, hotel, and retail product. Just blocks from the B/D/F/M/J/Z trains and surrounded by over 1,000 restaurants, bars, galleries, and destination retail, 159 Ludlow offers investors or end-users a development-ready site in a proven live-work-play ecosystem.
Investment highlights
- Unique Prime Downtown Development Opportunity
- 25' x 42.5' Lot with 25' of Frontage on Ludlow Street
- R7A / C4-4A Zoning with Residential and Commercial FAR of 4.0
- Up to 5,325 BSF achievable with City of Yes bonus
- Fee-simple lot with no existing structure - no demolition required
- Situated steps from Soho House, Katz's Deli, Mr. Purple, and the Market Line
- Excellent connectivity to the B/D/F/M/J/Z subway lines
- Strong demand drivers from continued LES growth and repositioning
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