Property profile

179 Ludlow St New York, NY 10002

OFF-MARKET
Retail properties & Spaces
2,219 SF
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Property summary

AI-generated overview

This exceptional retail condo, located at 179 Ludlow Street in the heart of SoHo, New York, NY 10002, presents a unique investment opportunity. The property boasts a total of 2,219 square feet, strategically divided into 1,651 square feet on the ground floor and 568 square feet in the basement. Benefitting from 22 feet of frontage on Ludlow Street, this space enjoys unparalleled visibility and accessibility. The condo is situated at the base of a multi-million dollar luxury condominium development, ensuring a high-traffic, affluent clientele. Its location is truly enviable, sharing the street with the renowned SoHo House and positioned directly across from the luxurious Ludlow Hotel. The immediate vicinity is home to a collection of high-end retail establishments, including Equinox, The Richard Taittinger Gallery, Bode, and Snidel, further solidifying its prime position within the SoHo retail landscape. This distressed sale presents a compelling chance to acquire a significant retail presence in one of Manhattan's most desirable neighborhoods. The property is currently vacant, allowing for immediate customization and tenant selection to perfectly align with your business vision. This is a rare opportunity to establish a thriving business in a location that speaks volumes about prestige and exclusivity.

Property profile

Verified
Property type Retail properties & Spaces
Total area 2,219 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hair Salon
  • Community Center

Location

179 Ludlow St New York, NY 10002
New York metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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