115 & 117 Ludlow Street
Mixed Use | 2.76% CAP | 15,897 SqFt
Marketing description
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.
Investment highlights
Two adjacent mixed use buildings for sale
115 Ludlow Street — Old Law Tenement (C4)
8 residential units (all 2-bed / 1-bath) · 1 commercial unit, 1,000 SF (vacant)
Lot 20 × 88 · 6,776 built SF · Tax Class 2B
117 Ludlow Street — Walk-up w/ Stores (C7)
10 residential units (all 3-bed / 1-bath) · 1 commercial unit, 1,900 SF (vacant)
Lot 25 × 88 · 9,115 built SF · Tax Class 2B
Combined: 18 residential + 2 commercial units · 15,891 built SF · Resi FAR 4
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