115-117 Ludlow Street — Sale in Manhattan, NY

  • Price: $9.5M
  • Listing type: For sale
  • Asset type: Business
  • Location: Manhattan, NY 10002
  • Size: 15,891 SF
  • Year built: 1910

Investment Figures

Cap rate
6.28%
Price per square foot
$598

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

KW Commercial has been exclusively retained for the sale of this two-building multifamily portfolio on the Lower East Side of Manhattan, offered together as a single package. The offering comprises two adjacent walk-up buildings totaling 18 residential units and two groundfloor commercial spaces. The 18 residential units consist out of 8 two bedrooms and 10 three bedroom apartments of which 10 are RS and 8 FM. The store front spanning a combined 2,900 sf was a former grocery store and offers immediate commercial lease-up upside for a new owner. Building SF: 15891 | Land Size: 3960.0 SF | Year Built: 1910 | Listing Type: FOR SALE

Market Context

This commercial property in Manhattan, NY is listed for sale at $9,500,000 across 15,891 SF. It is offered at an approximate 6.3% capitalization rate, a key benchmark for income-producing commercial property assets. The building dates to 1910. It has been on the market for 31 days. Compare it against other commercial property listings for sale in Manhattan, NY — view the full market.

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