Map of Property

138-140 Ludlow Street, New York, NY 10002

For Sale

138-140 Ludlow Street, New York, NY 10002

This New York property for sale is located at 138-140 Ludlow Street. The current listed sale price for 138-140 Ludlow Street, New York, NY 10002 is $23,500,000. 138-140 Ludlow Street, New York, NY 10002 is situated on a lot that is 0.1 acre in size.

Contacts

broker

Michael DeCheser

Cushman & Wakefield

(212) 660-7772

broker

Bryan Hurley

Cushman & Wakefield

(212) 660-7706

Property Details

  • Property Type Unassigned
  • Lot Size 0.1 Acre
  • Building Class C7
  • Year Built 1920
  • Date Updated May 15, 2024
Cushman & Wakefield has been exclusively retained to arrange the sale of 138 Ludlow Street NYC, a six-story mixed-use building. The property contains 21,500 SF with 29 units and approximately 48 feet of frontage on Ludlow Street (between Stanton and Rivington). The property lies in the epicenter of the LES, and two blocks north of the $1.9 billion, two million square foot Essex Crossing development. The Property’s 27 residential units consist of studios (4), one-bedrooms (1), twobedrooms (6) and three-bedrooms (16), and two retail spaces at street level. The ground floor consists of 2 stores and 2 apartments. The remaining floors (two through six) contain 5 apartments per floor.

Since current ownership acquired the Property in 2018, 138 Ludlow has undergone an extensive interior renovation with a scope encompassing both unit renovations and base building capex. The Property’s lobby, stairwells and 25 of the residential units have been renovated over the last few years. 22 of the Property’s 27 residential units are currently free market (81%). Today, approximately 94% of the Property’s residential income is derived from free market leases.

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Location

  • City New York, NY
  • Neighborhood Lower East Side
  • Zip Code 10002
  • Market Manhattan

Points of Interest

  • Allen St & Houston St

    0.17 miles

  • 1 Avenue & Houston St

    0.20 miles

  • Second Ave (F,V)

    0.30 miles

  • East Broadway (F)

    0.43 miles

  • East Broadway (F)

    0.45 miles

  • Houston Street & Lafayette Street at Northeast Corner

    0.49 miles

  • Houston Street & Lafayette Street at Southeast Corner

    0.49 miles

  • Bleecker Street & Mulberry Street at Southeast Corner

    0.50 miles

  • Spring Street

    0.50 miles

  • Bleecker Street & Lafayette Street at Northeast Corner

    0.50 miles

  • Tesla Supercharger

    0.30 miles

  • Blink

    0.30 miles

  • ChargePoint

    1.17 miles

  • ChargePoint

    1.21 miles

  • BP

    1.24 miles

  • ChargePoint

    1.26 miles

  • ChargePoint

    1.28 miles

  • ChargePoint

    1.28 miles

  • Blink

    1.30 miles

  • ChargePoint

    1.30 miles

  • Delancey & Essex Municipal Garage

    0.07 miles

  • Village View Parking Area 3

    0.37 miles

  • Christie Garage

    0.39 miles

  • iPark

    0.50 miles

  • Edison ParkFast

    0.54 miles

  • Park Fast

    1.05 miles

  • Park Kwik

    1.12 miles

  • Speedy Park

    1.22 miles

  • Sunny

    1.26 miles

  • Skyport

    1.27 miles

  • Orchard Street Hotel

    0.07 miles

  • The Ludlow Hotel

    0.11 miles

  • Sago Hotel

    0.12 miles

  • Holiday Inn

    0.18 miles

  • The Allen Hotel

    0.22 miles

  • The GEM Hotel Soho

    0.22 miles

  • PUBLIC, an Ian Schrager hotel

    0.28 miles

  • citizenM New York Bowery

    0.29 miles

  • The Bowery House

    0.32 miles

  • Sohotel

    0.36 miles

  • Food Stop

    0.08 miles

  • Marshalls

    0.14 miles

  • Union Market

    0.17 miles

  • Key Food

    0.30 miles

  • Trader Joe's

    0.30 miles

  • Target

    0.30 miles

  • Whole Foods Market

    0.33 miles

  • 4th Street Deli

    0.34 miles

  • Fine Fare Supermarket

    0.34 miles

  • Bulletin Nolita

    0.39 miles

In-Depth Research Available for this Property

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.

Contact 138-140 Ludlow Street, New York, NY 10002