MultiFamily Property at 159 Ludlow Street in New York
$2,250,000
159 Ludlow Street, New York, NY 10002
Property Description
159 Ludlow Street represents a rare, fee-simple development opportunity in the hear of Manhattan's Lower East Side. Situated midblock between Stanton and Rivington Streets.
- Unique prime Downtown development opportunity.
- Fee-simple lot with no existing structure- no demolition required.
- Situated steps from Soho House, Katz's Deli, Mr. Purple, and Market Line.
- Excellent connectivity to the B/D/F/M/J/Z subway lines.
- Strong demand drivers from continued LES growth and respositioning.
- Up to 5,325 BSF achievable with City of Yes bonus.
Property Details
Asset Type
MultiFamily
Zoning
C4-4A
Lot Size
1,063 SF
Neighborhood
Lower East Side
Submarket
New York
ZIP
10002
Listing Type
sale
Offering Memorandum
Net Operating Income (NOI)
$0
Debt Service Coverage Ratio (DSCR)
0.00x
Cap Rate
0.00%
Cash Flow (Annual)
-$127,994
Cash-on-Cash Return
-22.75%
Monthly Debt Service
$10,666
Annual Debt Service
$127,994
View on Map
Address
159 Ludlow Street
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New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale
No investors found in this market.
