38 Ludlow Street
Description
All of the residential units are subject to rent stabilization providing tremendous upside. There are a selection of units that have been renovated with finishes that include wood floors, tiled bathrooms, new wood...38 Ludlow Street is a five-story, mixed-use, walk-up apartment building located on the east side of Ludlow Street between Grand and Hester Streets. The subject property has 25’ frontage, is built 7,350 square feet and consists of two ground floor retail spaces with sixteen apartments above.
All of the residential units are subject to rent stabilization providing tremendous upside. There are a selection of units that have been renovated with finishes that include wood floors, tiled bathrooms, new wood kitchen cabinetry and stainless steel appliances.
The retail spaces are currently occupied by Jin Shu Sun wholesale restaurant and the Goethe-Institut art gallery. There is additional income provided from the storage spaces in the south basement and rear of the building as well.
The roof and frontage of the building have been updated recently and all of the utilities are separately metered for gas and electric, paid by tenants providing great cost savings for the future owner.
Located in the Lower East Side, 38 Ludlow Street is situated across from P.S. 042 Benjamin Altman Elementary School, one block from Seward Park, and only a few blocks from the F train at East Broadway, the J, M Z trains at Essex/Delancey, and the B, D trains at Grand Street.
The property is in the heart of the $1.1 billion mixed-use development project Essex Crossing that is currently transforming the area into the next center of commerce and tourism, making it the most exciting up-and-coming area to invest in lower Manhattan.
Amenities
- Walk Up
- Eastern Exposure
- Western Exposure
- Voice Intercom
- Midrise
Property Details for 38 Ludlow Street
| Status | Sold |
|---|---|
| MLS ID | - |
| Days on Market | 28 |
| Taxes | - |
| Maintenance | - |
| Min. Down Pymt | 60% |
| Total Rooms | 1.0 |
| Compass Type | Multi Family |
| MLS Type | House/Building |
| Year Built | 1910 |
| Lot Size | 2,209 SF / 25' x 88' |
| County | New York County |
| Buyer's Agent Compensation | 1.5% |
Building
38 Ludlow St
Location
Building Information for 38 Ludlow Street
Payment Calculator
$27,171 per month
30 year fixed, 6.28% Interest
$17,542
$9,629
$0
Property History for 38 Ludlow Street
| Date | Event & Source | Price |
|---|---|---|
| 05/11/2018 | Sold Manual | $7,100,000 |
| 05/09/2018 | $7,100,000 | |
| 01/20/2018 | Contract Signed Manual | — |
| 12/22/2017 | Listed (Active) Manual | $7,600,000 |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 38 Ludlow Street
Schools near 38 Ludlow Street
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | PK to 5 | |||
| Public - | PK to 5 | |||
| Public - | PK to 5 |
Rating | School | Distance |
|---|---|---|
P.S. 142 Amalia Castro PublicPK to 5 | ||
P.S. 134 Henrietta Szold PublicPK to 5 | ||
P.S. 20 Anna Silver PublicPK to 5 | ||
P.S. 42 Benjamin Altman PublicPK to 5 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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