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    Mixed-Use Walk-Up with Retail Title is generated by Realmo AI

    67 Ludlow Street, New York, NY 10002

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    For Sale
    $3,300,000

    Commercial Building, Low-rise - New York, NY

    Property size:
    9,972 SF
    Price / SF:
    $330/SF
    Added:
    Apr 27, 2026
    Days on Market:
    39
    Last Refresh:
    Jun 4 at 4:06 am

    Property Features for 67 Ludlow Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Bedrooms
    10
    Bathrooms
    20
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Parking features
    Garage
    Standard status
    Active
    Size
    9,972 SF

    Taxes and HOA fees

    Tax Annual Amount
    0

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Marshal Li

    Listing agent Marshal Li

    Listing office Compass 90 Fifth Avenue, 3rd Floor, New York, NY

    Listing date Apr 27, 2026

    MLS# 11735817 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

    • Fully occupied mixed‑use walk‑up with 20 rent‑stabilized residential units and a long‑standing ground‑floor retail tenant
    • Gross annual income of $368,737 and NOI of $214,693 based on in‑place actuals
    • Asking price $3,300,000 with a 6.5% cap rate on in‑place actuals and $157,143 per unit
    • Ground‑floor commercial lease secured through 2043 with 3% biennial rent escalations
    • 25 x 87 lot with C4‑4A zoning
    • Garage parking; located about two blocks from the Delancey‑Essex Street transit hub and steps from Essex Crossing

    Overview

    67 Ludlow Street is a low-rise mixed-use walk-up being offered for the first time in more than four decades. The building is fully occupied and comprises 20 rent-stabilized residential units plus a long-standing ground-floor retail tenant. Current income totals $368,737 in gross annual revenue, with $214,693 in NOI based on in-place actuals, supporting an investor-focused entry point.

    The property sits on a 25 by 87 lot and is described with C4-4A zoning. It benefits from its Lower East Side setting, positioned about two blocks from the Delancey-Essex Street transit hub and steps from Essex Crossing. The ground-floor retail tenancy is secured through 2043, with 3% biennial rent escalations.

    For investors seeking a Manhattan mixed-use asset with immediate occupancy, the combination of rent-stabilized residential income and a long-duration retail lease provides a more diversified cash-flow profile than residential-only offerings. The property’s mix and secured retail term can appeal to buyers looking to hold through the lease horizon while retaining flexibility around the residential portfolio supported by stabilized rents.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ludlow Laundromat (Bike/Boat/Book/etc) Store 67 Art Gallery

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.989971
    Latitude
    40.717387

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    FAQs

    What type of property is this?
    Apartment building - Fully occupied mixed-use walk-up with rent-stabilized residences and ground-floor retail lease through 2043.
    Where is this apartment building located?
    The property is located at 67 Ludlow Street New York, NY.
    What is the asking price?
    The asking price for this property is $3,300,000.
    What are key features of this property?
    This property features: Fully occupied mixed‑use walk‑up with 20 rent‑stabilized residential units and a long‑standing ground‑floor retail tenant; Gross annual income of $368,737 and NOI of $214,693 based on in‑place actuals; Asking price $3,300,000 with a 6.5% cap rate on in‑place actuals and $157,143 per unit
    (917) 216-0661
    We can help!
    Listing Contact
    Marshal Li
    Request Owner's contact information
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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