Mixed-Use Building with
New
For Sale
$7,250,000
113 Ludlow St, New York, NY 10002
The three-story masonry property combines ground-floor retail space with commercial and residential occupancy on the upper floors.
Property Size3,500 SF
Lot Size0.04 Acres
Price / SF$2,071
Days on Market2
Property Features for 113 Ludlow St
General Information
Standard status
Active
Size
3,500 SF
Lot size
0.04 Acres
Property subtype
Commercial Building
Zoning
200
Site & Location
Neighborhood
Downtown
Public Transit
Yes
Mixed-Use Components
commercial, residential
Taxes and HOA fees
Annual Taxes
$51,579
Amenities
Full
4
Municipal
0.00
Building Details
Building Size
3,500 SF
Year Built
1900
Year Renovated
2010
Buildings
1
Stories
3
Construction
masonry
Tenancy
Multi
Listing Agency:
Epique Realty
Listed By:
Luis Vega · License #10401273758
(646) 577-5496
Source:
Suitsre
Added: Oct 30
Last Checked: Oct 30 at 3:24PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Epique Realty
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Investment Insights
Based on property information with market context.
At 113 Ludlow Street, this three-story masonry mixed-use building contains 3,500 square feet. The ground-floor storefront has 15-foot ceilings and connects to a finished basement and mezzanine. Commercial and residential units occupy the upper floors, including a two-bedroom apartment on the third floor. The building dates to 1900, with renovations completed in 2010.
The property sits in Manhattan’s Lower East Side, 0.1 miles from the Delancey St-Essex St subway station. The site measures 20.37 feet by 88 feet, or approximately 1,789 square feet. Approximately 3,700 square feet of unused development rights are included.
The property sits in Manhattan’s Lower East Side, 0.1 miles from the Delancey St-Essex St subway station. The site measures 20.37 feet by 88 feet, or approximately 1,789 square feet. Approximately 3,700 square feet of unused development rights are included.
Key Highlights
- Three‑story masonry mixed‑use building with 3,500 square feet
- Ground‑floor storefront with 15‑foot ceilings, finished basement, and mezzanine
- Upper floors include commercial and residential units, including a third‑floor two‑bedroom apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$496,799
Cap Rate
6.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,935,980
$9.9M
Cap Rate 7%
$7,097,129
$7.1M
Cap Rate 9%
$5,519,989
$5.5M
Market Conditions
NOI Build-Up for 3,500 SF
Gross rent
$832.0K $237.72/SF
− Vacancy
−$122.3K −$34.94/SF
EGI
$709.7K $202.78/SF
− OpEx
−$212.9K −$60.83/SF
NOI
$496.8K $141.94/SF
Area
ZIP 10002
Vacancy
14.70%
Lease Rate
$237.72 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,935,980
Cap Rate 7%
$7,097,129
Cap Rate 9%
$5,519,989
Alternative Uses
Best Use
Retail
$7.10M
$6.21M – $8.28M
NOI $496,799 @ 7.0% cap · market cap 6.85%
Second Best
Mixed Use
$1.57M
$1.38M – $1.84M
NOI $110,250 @ 7.0% cap · market cap 1.52%
Theoretical Best
Specialty Retail
$8.71M
$7.62M – $10.16M
NOI $609,840 @ 7.0% cap · market cap 8.41%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
24,917
Businesses Nearby
15k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Citibank
Shops & Services
15,431 visits/mo
0.3 miles
Demographics for 10002, NY
82,155
Population
39,646
Households
2.1
Avg Household Size
41
Median Age
39%
College-Educated
71%
High-School Grad
0.8 sq mi
ZIP Area
102,694
Density / Sq Mi
$46,525
Median Household Income
$51,425
Median Earnings
$1,207
Median Rent
$808,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The three-story masonry property combines ground-floor retail space with commercial and residential occupancy on the upper floors.
Where is this mixed-use property located?
The property is located at 113 Ludlow St New York, NY.
What is the asking price?
The asking price for this property is $7,250,000.
What are key features of this property?
This property features: Three‑story masonry mixed‑use building with 3,500 square feet; Ground‑floor storefront with 15‑foot ceilings, finished basement, and mezzanine; Upper floors include commercial and residential units, including a third‑floor two‑bedroom apartment
