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159 Ludlow St 0.02 Acres of Commercial Land Offered at $3,110,625 CAD in New York, NY 10002
INVESTMENT HIGHLIGHTS
- Unique prime Downtown development opportunity.
- Situated steps from Soho House, Katz's Deli, Mr. Purple, and Market Line.
- Strong demand drivers from continued LES growth and respositioning.
- Fee-simple lot with no existing structure- no demolition required.
- Excellent connectivity to the B/D/F/M/J/Z subway lines.
- Up to 5,325 BSF achievable with City of Yes bonus.
EXECUTIVE SUMMARY
159 Ludlow Street represents a rare, fee-simple development opportunity in the hear of Manhattan's Lower East Side. Situated midblock between Stanton and Rivington Streets, this vacant 25' x 42.5" lot offers approximately 4,271 BSF as-of-right, with up to 5,325 BSF achievable through the proposed City of Yes zoning bonus. The site is ideally positioned for a boutique townhouse, luxury multifamily or mixed-use project with ground floor retail. Its 25 feet of frontage provides design flexibility not often found in downtown development, especially south of Houston Street. The Lower East Side remains one of Manhattan's most dynamic growth corridors, anchored by the transformative Essex Crossing development (1.9 million SF), and a robust pipeline of new residential, hotel, and retail product. Just blocks from the B/D/F/M/J/Z trains and surrounded by over 1,000 restaurants, bars, galleries, and destination retail, 159 Ludlow offers to investors or end-users ad development-ready site in a proven live-work-play ecosystem.
PROPERTY FACTS
| Price | $3,110,625 CAD | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Condition | Redevelopment Project | Proposed Use | Commercial |
| No. Lots | 1 | Total Lot Size | 0.02 AC |
| Zoning | C4-4A - Commercial district predominantly residential in character. | ||
| Price | $3,110,625 CAD |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 0.02 AC |
| Zoning | C4-4A - Commercial district predominantly residential in character. |
1 LOT AVAILABLE
Lot
| Price | $3,110,625 CAD | Lot Size | 0.02 AC |
| Price Per AC | $127,589,217.31 CAD |
| Price | $3,110,625 CAD |
| Price Per AC | $127,589,217.31 CAD |
| Lot Size | 0.02 AC |
25' x 42.5" vacant lot.
DESCRIPTION
159 Ludlow Street represents a rare, fee-simple development opportunity in the hear of Manhattan's Lower East Side. Situated midblock between Stanton and Rivington Streets.
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Walk Score®
Walker's Paradise (100)
Transit Score®
Rider's Paradise (100)
Bike Score®
Biker's Paradise (97)
PROPERTY TAXES
| Parcel Number | 0411-0019 | Improvements Assessment | $0 CAD |
| Land Assessment | $402,465 CAD | Total Assessment | $402,465 CAD |
PROPERTY TAXES
Parcel Number
0411-0019
Land Assessment
$402,465 CAD
Improvements Assessment
$0 CAD
Total Assessment
$402,465 CAD
CONTACTS
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Joseph Koicim -
Shaun Riney -
Peter Dodge -
Matthew Berger -
John Lopez -
Marcus & Millichap
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159 Ludlow St
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