Listing Agency: CPRE NY

Listed By: Raymond Truong · License #10991233885

Source: Crexi

Added: Apr 12 Changed: Sep 2 Last Checked: Sep 1 at 11:29AM

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Investment Insights

Based on property information with market context.

This mixed-use development site in Manhattan’s Lower East Side currently contains a 3-story structure with 1 unit. Permits have been filed for a proposed 12-story mixed-use building, creating a substantially different development configuration from the existing improvements.

The proposed project is planned to yield 40,583 square feet, including 28,653 square feet of residential space and 3,333 square feet of commercial space. The site is positioned next to Essex Crossing, providing a defined Lower East Side context for the planned redevelopment.

Key Highlights

• Permits filed for a proposed 12‑story mixed‑use building
• Planned total yield of 40,583 square feet
• Proposed residential component of 28,653 square feet

Property Analytics

Current Use

Commercial land

Suggested Use

Top Pick Nursing Home Pet Grooming Service Buffet Auto Parts Store Adult Day Care Clothing & Fashion Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Filed permits contemplate a taller project with residential and commercial components.

Where is this mixed-use property located?

The property is located at 89 Ludlow St New York, NY.

What are key features of this property?

This property features: Permits filed for a proposed 12‑story mixed‑use building; Planned total yield of 40,583 square feet; Proposed residential component of 28,653 square feet