This exceptional 5-story, mixed-use building at 41-43 Ludlow Street in New York City's Lower East Side presents a compelling investment opportunity. The 8,458 square foot property boasts eight residential units and two ground-floor retail spaces, offering a blend of income streams. Situated on Ludlow Street between Grand and Hester Streets, this location provides unparalleled access to the neighborhood's vibrant dining, entertainment, and shopping scene. Convenient transportation is readily available, with the B and D trains (Grand Street station) less than a 5-minute walk away, and the F train easily accessible via the East Broadway station. The building benefits from a low basis, is classified as Tax Class 2B (tax-protected), and presents potential for owner-user occupancy. Below-market retail rents offer significant upside potential. Its proximity to Essex Crossing further enhances its desirability. This is a rare chance to acquire a well-positioned multifamily asset in a highly sought-after area of Manhattan. The asking price is $2,650,000, translating to $313.31 per square foot.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$1,594,280
6.5%
$1,471,640
7%
$1,366,530
Comparable approach
Method
Valuation
Relative Method
$1,127,220
Geo Method
$1,127,220
Alternative Use
Use
Valuation
Industrial / Distribution
$2,880,110
Retail / Commercial
$1,476,910
Hospitality / Lodging
$1,079,700
Office
$1,462,900
Institutional / Educational
$1,529,920
Residential Income
$1,790,000
Multifamily
$2,146,830
Automotive / Energy
$1,311,360
Parking / Income-Based Land
$452,533
Restaurant / Food Service
$765,413
Healthcare / Senior Housing
$1,509,140
Location Insight
City
New York
County
New York
State
New York
Latitude
40.7163
Longitude
-73.9905
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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