138-140 Ludlow Street, New York, NY 10002

138-140 Ludlow Street, New York, NY 10002

  • For Sale $23,500,000
  • Property Type Unassigned
  • Lot Size 0.1 Acre
  • Building Class C7
  • Year Built 1920
  • Date Updated Apr 26, 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.

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Contacts

broker

Michael DeCheser

Cushman & Wakefield

(212) 660-7772

broker

Bryan Hurley

Cushman & Wakefield

(212) 660-7706

Location

Getting Around

  • Walk Score ®

    100/100 Walker's Paradise
  • Transit Score ®

    100/100 Rider's Paradise
  • Bike Score ®

    97/100 Biker's Paradise
Powered by Walk Score ®
  • City New York, NY
  • Neighborhood Lower East Side
  • Zip Code 10002
  • Market Manhattan

Points of Interest

  • Delancey Street

    0.14 miles

  • Essex Street

    0.14 miles

  • Allen St & Houston St

    0.17 miles

  • 1 Avenue & Houston St

    0.20 miles

  • 2nd Avenue

    0.23 miles

  • Second Ave (F,V)

    0.30 miles

  • Bowery

    0.30 miles

  • Grand Street

    0.34 miles

  • East Broadway (F)

    0.43 miles

  • East Broadway (F)

    0.45 miles

  • Tesla Supercharger

    0.30 miles

  • Blink

    0.30 miles

  • ChargePoint

    0.96 miles

  • ChargePoint

    1.17 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

  • Patacón Pisao

    0.03 miles

  • Sons of Essex

    0.03 miles

  • Charrua Uruguayan Restaurant

    0.03 miles

  • Wolfnights

    0.04 miles

  • El Castillo de Jagua

    0.05 miles

  • Champion Pizza

    0.05 miles

  • Set L.E.S

    0.05 miles

  • 99¢ Fresh Slice

    0.05 miles

  • Trapizzino

    0.05 miles

  • San Loco

    0.05 miles

  • Lower East Side Preparatory High School

    0.11 miles

  • Public School 20

    0.12 miles

  • P.S. 140 Nathan Straus

    0.23 miles

  • High School for Dual Language and Asian Studies

    0.23 miles

  • New Design High School

    0.23 miles

  • Seward Park High School

    0.23 miles

  • Manhattan Bridges High School

    0.23 miles

  • Public School 142

    0.26 miles

  • PS 79 ( Historical)

    0.27 miles

  • Our Lady of Sorrows School

    0.31 miles

  • First Steps Academy

    0.19 miles

  • All My Children Daycare & Nursery

    0.28 miles

  • Bright Horizons

    0.29 miles

  • Swan

    0.44 miles

  • Oasis Downtown Day Camp

    0.55 miles

  • Metrokids Preschool

    0.65 miles

  • CPC Chung Pak Day Care Center

    0.66 miles

  • Bright Horizons Early Education & Preschool

    0.79 miles

  • 14th Street Y - Childcare

    0.80 miles

  • Downing Street Playgroup

    1.03 miles

Frequently Asked Questions

What is the lease rate for 138-140 Ludlow Street, New York, NY 10002?

Rental asking rate at 138-140 Ludlow Street, New York, NY 10002 is $11,750,000.00/YR.

When was this property built?

138-140 Ludlow Street, New York, NY 10002 was built in 1920.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.

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