Multi-family
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Introducing 41-43 Ludlow Street, New York, NY 10002
Located in the vibrant central business district, 41-43 Ludlow Street offers an exciting investment opportunity for those looking to establish a foothold in one of New York City’s dynamic neighborhoods. Priced attractively at $2,650,000, this multi-unit mid-rise apartment building is an ideal addition to any investor’s portfolio.
Property Details:
- Address: 41-43 Ludlow Street, New York, NY 10002
- Sale Price: $2,650,000 ($331,250/Unit)
- Sale Type: Investment
- Building Type: 2-Star Mid-Rise Apartments
- Location: CBD
- Number of Units: 8
- Stories: 5
- Class: C
- Gross Building Area (GBA): 8,458 sq. ft.
- Typical Floor Area: 1,691 sq. ft.
- Buildings on Property: 1
- Units per Acre: 160
- Market Segment: All
- Rent Type: Market
Key Features:
Ample Space and Tenant Appeal With 8 units spread across five stories, each with an average floor size of 1,691 sq. ft., this property caters to tenants seeking spacious living in a convenient, central location. The property’s layout allows flexibility for long-term leasing potential.
Prime CBD Location Situated in the heart of New York’s central business district, 41-43 Ludlow Street is surrounded by cultural, dining, and retail landmarks, making it a highly desirable location for tenants. The neighborhood’s steady foot traffic and amenities enhance tenant satisfaction and retention, contributing to the property’s enduring appeal.
Investment Value At $2,650,000, this investment property offers excellent potential in a high-demand area. The market-rate rental structure promises a stable income stream, while the Class C rating allows room for value-add improvements, further enhancing investment returns.
Conclusion:
41-43 Ludlow Street provides an outstanding opportunity for investors seeking a well-positioned asset in New York City’s CBD. With its spacious units, sought-after location, and appealing price, this property is well-suited for those aiming to maximize investment value in a vibrant urban market.
