132 Ludlow St

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132 Ludlow St

Lower East Side Corner Mixed-Use | Value-Add Potential

$18,000,000 Sales price

$852/SF Price per Ft

5.0% Cap Rate

The "Corner" Premium: Corner buildings offer better light and air, making the apartments more desirable than mid-block "railroad" styles. From a retail perspective, it provides double the frontage and visibility
Upside Potential: With 13 out of 20 units (65%) being Free-Market, you have immediate or near-term ability to mark rents to market on those specific units
Frontage: 124' ft of wrap-around frontage on Prime corner
Commercial Stability: Having 4 commercial spaces diversifies your income stream. As they are located in a busy retail corridor, these are high-traffic spots for cafes, boutiques, bars, and other entertainment options
Long Term Ownership: Family’s legacy building that was used to operate a family business in the '90s