Listed by Epique Realty
$7,250,000
Ludlow - Lower East Side NYC
Details
APN 0410-0024
Property Type Retail, Multifamily
Sub Type Restaurant, Bar
Square Footage 3,505
Net Rentable (SqFt) 3,000
Units 3
Cap Rate 4.3%
NOI $312,000
Occupancy 33%
Tenancy Multi
Lease Type NNN
Remaining Term 2
Rent Bumps Yes
Pro-Forma Cap Rate 4.3%
Pro-Forma NOI $312,000
Price per SqFt $2,068
Class C
Year Built 1900
Year Renovated 2010
Buildings 1
Stories 3
Lot Size (SqFt) 1,789
Zoning C4-4A Zoning map 12C
Investment Type Value Add
113 Ludlow Street – Exclusive Lower East Side Investment Opportunity
Marketing description
Own a piece of Manhattan’s cultural heartbeat. 113 Ludlow Street is a rare offering in the Lower East Side, one of NYC’s most dynamic and rapidly appreciating neighborhoods. This iconic Class K4 mixed-use property combines historic character with exceptional development potential—perfect for discerning investors seeking long-term value and prestige.
Property Overview
- Price: $7,500,000.00
- Current Size: 3,505 sq. ft. | Buildable Potential: ~7,000 sq. ft.
- Building Class: K4 Mixed-Use
- Layout:
- Full basement
- Ground-floor commercial storefront with 15 ft. ceilings and mezzanine
- Separate entrance to mezzanine and second-floor commercial unit
- Third-floor 2-bedroom apartment
- Dimensions: Building: 20' x 42' | Lot: 20.37' x 88'
- FAR: Existing 1.96 | Max FAR 4.0
Why This Property Stands Out
- Prime Location: Steps from world-class dining, nightlife, and cultural landmarks in the Lower East Side.
- Value-Add Potential: Significant air rights allow for expansion to double the current size, creating a bespoke mixed-use development.
- Versatility: Ideal for flagship retail, boutique offices, or luxury residential units.
- Prestige & Growth: The Lower East Side continues to attract global investors and trend-setting brands—making this a strategic acquisition for those seeking both stability and upside.
Schedule a Private Tour Today to experience the property and its surroundings firsthand. Opportunities like this are rare—secure your stake in one of Manhattan’s most coveted neighborhoods.
Investment highlights
- Mezzanine
- High ceilings Ground Floor - 15 ft.
- Building Size - 3,014 SF
- Year Built - 1900
- Building Height - 31
- Tenancy- Multiple
- Air Rights on C4-4A zoning
- Location , Location , Location
Listing Contacts
Listed by Epique Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$312,000.00
$26,000.00/mo
Valuation Metrics
0
DSCR
4.3%
Cap Rate
4.3%
ROI
Map
Zoning
C4-4A CommercialGeneral CommercialGeneral Commercial
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