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115-117 Ludlow St 20 Unit Apartment Building For Sale New York, NY 10002
Investment Highlights
- Two side by side buildings
Executive Summary
KW Commercial has been exclusively retained for the sale of this two-building multifamily portfolio on the Lower East Side of Manhattan, offered together as a single package.
The offering comprises two adjacent walk-up buildings totaling 18 residential units and two ground-floor commercial spaces. The 18 residential units consist out of 8 two bedrooms and 10 three bedroom apartments of which 10 are RS and 8 FM. The store front spanning a combined 2,900 sf was a former grocery store and offers immediate commercial lease-up upside for a new owner.
The offering comprises two adjacent walk-up buildings totaling 18 residential units and two ground-floor commercial spaces. The 18 residential units consist out of 8 two bedrooms and 10 three bedroom apartments of which 10 are RS and 8 FM. The store front spanning a combined 2,900 sf was a former grocery store and offers immediate commercial lease-up upside for a new owner.
Financial Summary (Pro Forma - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$1,354,025
|
$85.17
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$48,861
|
$3.07
|
| Effective Gross Income |
$1,305,165
|
$82.10
|
| Taxes |
$254,533
|
$16.01
|
| Operating Expenses |
$203,204
|
$12.78
|
| Total Expenses |
$457,737
|
$28.79
|
| Net Operating Income |
$847,427
|
$53.31
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $1,354,025 |
| Annual Per SF | $85.17 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $48,861 |
| Annual Per SF | $3.07 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $1,305,165 |
| Annual Per SF | $82.10 |
| Taxes (CAD) | |
|---|---|
| Annual | $254,533 |
| Annual Per SF | $16.01 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $203,204 |
| Annual Per SF | $12.78 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $457,737 |
| Annual Per SF | $28.79 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $847,427 |
| Annual Per SF | $53.31 |
Property Facts
| Sale Type | Investment | Building Class | C |
| Sale Condition | Bulk/Portfolio Sale | Lot Size | 0.09 AC |
| No. Units | 20 | Building Size | 15,897 SF |
| Property Type | Multifamily | No. Stories | 6 |
| Property Subtype | Apartment | Year Built | 1910 |
| Apartment Style | Mid-Rise | ||
| Zoning | C4-4A - R7A equiv. | ||
| Sale Type | Investment |
| Sale Condition | Bulk/Portfolio Sale |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 15,897 SF |
| No. Stories | 6 |
| Year Built | 1910 |
| Zoning | C4-4A - R7A equiv. |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 8 | - | - |
| 3+1 | 10 | - | - |
1 1
Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
100/100
Exceptionally bikeable
90/100
Property Taxes
| Parcel Numbers | Total Assessment | $2,046,265 CAD | |
| Land Assessment | $342,025 CAD | Annual Taxes | $254,533 CAD ($16.01 CAD/SF) |
| Improvements Assessment | $1,704,240 CAD | Tax Year | 2026 |
Property Taxes
Parcel Numbers
Land Assessment
$342,025 CAD
Improvements Assessment
$1,704,240 CAD
Total Assessment
$2,046,265 CAD
Annual Taxes
$254,533 CAD ($16.01 CAD/SF)
Tax Year
2026
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115-117 Ludlow St
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