Three-Story Mixed-Use Building with 15-Foot
113 Ludlow St, New York, NY 10002
Commercial Building - New York, NY
Property size:
3,500 SFPrice / SF:
$2,071/SF- Added:
- Feb 25, 2026
- Days on Market:
- 105
- Last Refresh:
- Jun 10 at 11:06 pm
Property Features for 113 Ludlow St
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- 200
- Bathrooms
- 5
- Rooms
- Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Kitchen
- Parking features
- Garage
- Basement Y/N
- 1
- Standard status
- Active
- APN
- 0410-0024
- Size
- 3,500 SF
Taxes and HOA fees
- Tax Annual Amount
- 51579
Utilities
- Heating system
- Electric (Heating)
- Cooling system
- Central Air
Building Details
- Year built
- 1900
- Year renovated
- 1900
- Floors in Building
- 3
- Flooring type
- Hardwood
- Building materials
- Brick
- Roof type
- Rubber
- Architectural style
- Other
Listing agent Luis Vega (888) 893-3537
Listing office Epique Realty 99 HUDSON ST 5TH FL, NEW YORK, NY
Listing date Feb 25, 2026
MLS# 11662751
Listing URL
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Three‑story mixed‑use masonry building with a ground‑floor commercial storefront
- Ground floor features 15 ft ceilings, plus a finished basement and a mezzanine
- Includes multiple bathrooms, a kitchen, and a third‑floor 2‑bedroom apartment
- Zoned C4‑4A (Moderate Density Commercial) with max FAR 4.0 and buildable potential of approx. 7,000 SF
- Unused air rights included: approx. 3,700 SF of development rights
- Historic 1900 construction with 2010 renovations; brick exterior, hardwood flooring, central air, electric heat, rubber roof, garage parking
Overview
113 Ludlow Street is a three-story mixed-use masonry building featuring a ground-floor commercial storefront with 15-foot ceilings, a finished basement, and a mezzanine level. The upper floors include a combination of commercial space and residential units, with a third-floor two-bedroom apartment among the residences. The building is described as historic 1900 construction with renovations completed in 2010.
The property is located in Manhattan’s Lower East Side, approximately 0.1 miles from the Delancey St–Essex St subway station. The surrounding area is characterized by high foot traffic and proximity to established retail and cultural institutions.
From a tenancy and use perspective, the configuration supports a multi-tenant approach with opportunities for retail, office, or residential utilization. Zoning is identified as C4-4A (Moderate Density Commercial), with a stated max FAR of 4.0 and approximately 7,000 square feet of total buildable potential. The offering also notes unused air rights of approximately 3,700 square feet, creating an identified pathway for renovation and/or expansion based on existing development rights.
The property is located in Manhattan’s Lower East Side, approximately 0.1 miles from the Delancey St–Essex St subway station. The surrounding area is characterized by high foot traffic and proximity to established retail and cultural institutions.
From a tenancy and use perspective, the configuration supports a multi-tenant approach with opportunities for retail, office, or residential utilization. Zoning is identified as C4-4A (Moderate Density Commercial), with a stated max FAR of 4.0 and approximately 7,000 square feet of total buildable potential. The offering also notes unused air rights of approximately 3,700 square feet, creating an identified pathway for renovation and/or expansion based on existing development rights.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $832.0k | $237.72 |
| − Vacancy | −$122.3k | −$34.94 |
| EGI | $709.7k | $202.78 |
| − OpEx | −$212.9k | −$60.83 |
| NOI | $496.8k | $141.94 |
3,500 SF · lease $237.72/SF/yr · vacancy 14.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$7.10M
$6.21M – $8.28M
NOI $496,799 @ 7.0% cap · market cap 6.85%
Second Best
Office B
$1.60M
$1.40M – $1.87M
NOI $112,162 @ 7.0% cap · market cap 1.55%
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 local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Mehanata Bulgarian Bar
Bar & Pub
ATM
Atm
A.S.A Construction Co,
General Contractor
The Vegoist at 113
Restaurant
Location Insight
- Map
- Local Demand
- City
- New York
- County
- New York
- State
- New York
- Longitude
- -73.988847
- Latitude
- 40.719483
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Three-story mixed-use masonry building with a ground-floor storefront and 15-foot ceilings, plus mezzanine and residential units.
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 mixed‑use masonry building with a ground‑floor commercial storefront; Ground floor features 15 ft ceilings, plus a finished basement and a mezzanine; Includes multiple bathrooms, a kitchen, and a third‑floor 2‑bedroom apartment
