Multifamily Building with Communal
For Sale
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163-167 Ludlow St, New York, NY 10002
Contiguous multifamily property with 66 residential units and on-site amenities including a communal patio and in-unit washer/dryers.
Property Size25,000 SF
Days on Market123
Property Features for 163-167 Ludlow St
General Information
Standard status
Active
Size
25,000 SF
Property subtype
Retail
Occupancy
97%
Additional Details
Multifamily Units
66
Amenities
Large Communal Patio
Virtual Doorman Services
Improved Facades
in-unit Washer Dryers
Free Wifi for All Tenants
Listing Agency:
Newmark - New York Headquarters
Listed By:
Eric Roth · License #NY
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 21 at 10:29PM
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 Newmark - New York Headquarters
Investment Insights
Based on property information with market context.
Comprising three contiguous properties, 163-167 Ludlow Street totals 75 feet of frontage along Ludlow Street and offers 66 residential units. The unit mix includes 60 one-bedroom units and 6 three-bedroom units, with 97% occupancy reported. Recent ownership improvements include additions such as a large communal patio, improved facades, virtual doorman services, in-unit washer/dryers, and free WiFi for tenants.
The property is located on the west side of Ludlow Street between East Houston Street and Stanton Street in Manhattan’s Lower East Side. It is within walking distance of Lower East Side destinations including Katz Deli, Mr. Purple Rooftop Lounge, and Essex Crossing, and it is also near Tompkins Square Park and the East River Track, Field and Promenade.
For transit access, the building is about one block from the 2nd Avenue Subway and the Delancey & Essex Subway, providing access to the B, D, F, M, J, and Z lines.
The property is located on the west side of Ludlow Street between East Houston Street and Stanton Street in Manhattan’s Lower East Side. It is within walking distance of Lower East Side destinations including Katz Deli, Mr. Purple Rooftop Lounge, and Essex Crossing, and it is also near Tompkins Square Park and the East River Track, Field and Promenade.
For transit access, the building is about one block from the 2nd Avenue Subway and the Delancey & Essex Subway, providing access to the B, D, F, M, J, and Z lines.
Key Highlights
- 163‑167 Ludlow Street: contiguous multifamily property totaling 66 residential units with ~75’ frontage on Ludlow St
- ~25,000 SF asset located on the Lower East Side, west side of Ludlow St between E Houston St and Stanton St
- Occupancy currently 97% leased, with 89% of units free market
Property Analytics
Current Use
Lease Details
66
Residential units
97%
Occupancy
Location Intelligence
Trade Area within ½ mile
24,917
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Contiguous multifamily property with 66 residential units and on-site amenities including a communal patio and in-unit washer/dryers.
Where is this apartment building located?
The property is located at 163-167 Ludlow St New York, NY.
What are key features of this property?
This property features: 163‑167 Ludlow Street: contiguous multifamily property totaling 66 residential units with ~75’ frontage on Ludlow St; ~25,000 SF asset located on the Lower East Side, west side of Ludlow St between E Houston St and Stanton St; Occupancy currently 97% leased, with 89% of units free market
