Contacts
Marcus & Millichap
Marcus & Millichap
Property Details
- Property Type Mixed Use - Retail / Residential
- Property Size 15,897 SF
- Units 18
- Lot Size 0.09 Acre
- Zoning C4-4A
- # of Floors 5
- Property Tenancy Multi-Tenant
- Year Built 1910
- Date Updated Jul 23, 2025
- Construction Type Masonry
Marcus & Millichap is the exclusive sales broker for 115 & 117 Ludlow Street (the “Property”), two adjacent mixed-use walk-up buildings between Rivington and Delancey Streets on the Lower East Side.
115 Ludlow Street is built 20 feet by 70 feet on a 20-foot by 88-foot lot; 117 Ludlow Street is built 25 feet by 74-feet on a 25-foot by 88-foot lot. Both properties are zoned C4-4A, have minimal unused development rights and are not part of a historic district.
The Property’s unit mix is comprised of one large commercial space and eighteen apartments (115 Ludlow has eight two-bedroom apartments; 117 Ludlow has ten three-bedroom apartments). The commercial space occupies the ground floor of both buildings and is approximately 2,900 square feet; it was formally occupied by ownership’s grocery store and is now vacant.
The Property offers an investor the opportunity to take over a long-term-family-owned building in order to professionalize management operations and increase cash flow. There are also many options for upgrading the retail space in a sub-market known for its restaurants and nightlife.
The Property is located in the center of the Lower East Side, one of the city’s most hip and edgy neighborhoods. It is surrounded by apparel boutiques, critically acclaimed restaurants, and popular nightlife that attract a high volume of foot traffic to the immediate area. The Property is two blocks from the subway station at Delancey-Essex (F, M, J, Z lines) as well as from Essex Crossing, a 1.65-million-square-foot development anchored by 1,000 units of housing, 250,000 square feet of office space, Essex Street Market, a rooftop urban farm, the Andy Warhol Museum, and a diverse mix of retail space.
Reach out to the broker for more info on lease terms and amenities
Getting around
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100/100
Walk Score ®
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100/100
Transit Score ®
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97/100
Bike Score ®
Location
- City New York, NY
- Neighborhood Lower East Side
- Zip Code 10002
Points of Interest
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Delancey Street
0.09 miles
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Allen St & Houston St
0.22 miles
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1 Avenue & Houston St
0.25 miles
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Second Ave (F,V)
0.33 miles
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East Broadway (F)
0.38 miles
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Spring Street
0.48 miles
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Houston Street & Lafayette Street at Southeast Corner
0.50 miles
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Houston Street & Lafayette Street at Northeast Corner
0.50 miles
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Bleecker Street & Mulberry Street at Southeast Corner
0.52 miles
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Bleecker Street & Lafayette Street at Northeast Corner
0.52 miles
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Tesla Supercharger
0.23 miles
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Blink
0.23 miles
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ChargePoint
0.98 miles
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BP
1.32 miles
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Mobil
1.55 miles
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Emporium
1.83 miles
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Citgo
1.98 miles
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Sunoco
2.06 miles
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Gulf
2.13 miles
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Delancey & Essex Municipal Garage
0.04 miles
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Edison Park Fast
0.18 miles
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Christie Garage
0.32 miles
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iPark
0.43 miles
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Village View Parking Area 3
0.45 miles
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Village View Parking Area 1
0.46 miles
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Village View Parking Area 2
0.47 miles
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Edison ParkFast
0.57 miles
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88 Madison Street Parking
0.64 miles
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Park Fast
0.99 miles
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Sago Hotel
0.05 miles
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The Redford Hotel
0.07 miles
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Orchard Street Hotel
0.11 miles
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The Allen Hotel
0.14 miles
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Hotel Indigo
0.16 miles
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Holiday Inn
0.17 miles
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The Ludlow Hotel
0.18 miles
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citizenM
0.25 miles
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The GEM Hotel Soho
0.26 miles
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Moxy
0.28 miles
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Food Stop
0.01 miles
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Marshalls
0.21 miles
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Union Market
0.25 miles
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Target
0.26 miles
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Trader Joe's
0.26 miles
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Fine Fare Supermarket
0.29 miles
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Tan Tin Hung Supermarket
0.33 miles
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Whole Foods Market
0.35 miles
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Super A Mart
0.35 miles
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FMN General Store
0.37 miles
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
