Updated Jan 30, 2024
Xin Xiang Lin Purchases 119 Ludlow Street In Lower East Side For $3.7M
119 Ludlow Street, New York City, New York 10002, United States
$3,700,000
$618/SF
Building Size
5,985 SF
Asset Type
MultiFamily
Closing
Dec 2, 2021
About this deal
AI
A multi-family property located at 119 Ludlow Street in the Lower East Side of Manhattan has been sold. The property, with a lot size of 1,646 square feet, is classified as a 2B tax class. The zoning for the property is C4-4A, allowing for mixed-use development. The previous sale of the property occurred on March 23, 1983, for a price of $0.
Summary of transaction details
- Property Type: Multi Family
- Transaction Amount: $3,700,000
- Building Square Footage: 5,985
- Price Per Square Foot: $618
- Building Square Footage (BSF): 6,584
- Price Per Buildable Square Foot (PPBSF): $562
- Lot Dimension: 18.67 ft x 88 ft
- Far: 3.64
The buyer of the property is Xin Xiang Lin, while the seller is Sing Your Li. The transaction closed on December 3, 2021.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Browse New York multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.29%
Cash-on-Cash
-1.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93