About this home

After more than four decades in the same family's hands, 67 Ludlow Street comes to market for the first time, offering investors a rare opportunity to acquire a fully occupied mixed-use walk-up in the heart of the Lower East Side. The property comprises 20 rent-stabilized residential units and a long-standing ground-floor retail tenant, generating $368,737 in gross annual income and $214,693 in NOI. 67 Ludlow St delivers a 6.81% cap rate on in-place actuals and $150,000 per unit. Situated just two blocks from the Delancey-Essex Street transit hub and steps from Essex Crossing, the building benefits from one of downtown Manhattan's most dynamic and consistently appreciating submarkets. The 25 by 87 lot carries C4-4A zoning, and the ground-floor commercial tenant is secured through 2043 with a 3% biennial rent escalations.

Facts and features

Schools

• Ps 42 Benjamin Altman

  elementary · K-5 · 0.1 mi

  9

• Orchard Collegiate Academy

  high · 9-12 · 0.3 mi

  3

• East Side Community School

  middle · 6-12 · 0.9 mi

  6

• Mesivta Tifereth Jerusalem

  elementary · K-12 · 0.3 mi

• The Clinton School

  middle · 6-12 · 1.3 mi

  7

• Ms 131

  middle · 6-8 · 0.2 mi

  6

Price history

• Sep 15, 2026 · Listed$3,150,000
• Jan 20, 1993 · Sold$270,000

Tax history

• 2026$39,770 tax · $639,450 assessed
• 2025$85,860 tax · $639,450 assessed
• 2024$85,446 tax · $718,650 assessed
• 2023$80,075 tax · $666,900 assessed
• 2022$70,803 tax · $578,700 assessed
• 2021$77,778 tax · $634,050 assessed
• 2020$77,745 tax · $701,550 assessed
• 2019$71,828 tax · $682,650 assessed

Where it is