Multi-family

Investment Opportunity in the Lower East Side – 177 Ludlow Street

Address: 177 Ludlow Street, New York, NY, 10002
Price: $42,000,000 ($256,098/Unit)
Sale Type: Investment
Type: 3-Star Mid-Rise Apartments
Location: Central Business District (CBD)
Units: 25
Stories: 5
Building Class: B
Gross Building Area (GBA): 19,080 SF
Typical Floor Size: 1,851 SF
Number of Buildings: 1
Units per Acre: 496/AC
Market Segment: All
Rent Type: Market

Property Overview:

Situated in the vibrant Lower East Side, 177 Ludlow Street presents a prime investment opportunity in one of Manhattan’s most dynamic neighborhoods. This well-maintained mid-rise apartment building features 25 market-rate units and benefits from the area’s strong rental demand, cultural attractions, and ongoing development. The property offers long-term appreciation potential in a thriving rental market.

Key Features:

Prime Lower East Side Location:

✔ Located in the heart of the Lower East Side, a highly desirable residential and entertainment district.
✔ Surrounded by popular restaurants, boutique retail shops, art galleries, and nightlife destinations.
✔ Steps from East Houston Street, Delancey Street, and key commercial hubs, making it attractive for residents and investors.

Income-Generating & Well-Maintained Property:

✔ 25 residential units with strong rental demand and market-rate pricing.
✔ 5-story mid-rise building with an efficient floor plan and a gross building area of 19,080 SF.
✔ Modernized interiors and common areas, offering tenants comfortable living spaces.

Excellent Transit Access:

✔ Close proximity to major subway lines (F, M, J, Z at Delancey-Essex Street), ensuring accessibility for tenants.
✔ Well-connected by multiple bus routes and pedestrian-friendly streets, enhancing convenience.

Highlights:

✔ Prime investment opportunity in the Lower East Side
✔ $42,000,000 asking price with 25 market-rate units
✔ 19,080 SF of gross building area in a well-maintained mid-rise property
✔ Located in a high-demand rental market with strong appreciation potential
✔ Steps from popular restaurants, nightlife, and cultural attractions

Conclusion:

177 Ludlow Street presents a unique opportunity for investors looking to acquire a high-performing multifamily asset in a sought-after Manhattan neighborhood. With a strong tenant base, long-term growth potential, and a premier location, this property is a valuable addition to any real estate portfolio.

Contact us today to schedule a private tour and explore this investment opportunity!