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138-140 Ludlow Street
Lower East Side, Manhattan | Rivington Street & Stanton Street
61 Beds21,500 Square FeetIncome Property
$22,000,000
$22,000,000
Updated 10 months ago
Off Market

138-140 Ludlow Street

Lower East Side, Manhattan | Rivington Street & Stanton Street

61 Beds21,500 Square FeetIncome Property

$22,000,000
floors / apts6 / 27
Lot Size47'6"x89'
Built Size48'x76'
ZoneC4-4A
Building TypeLow-Rise
RE Taxes$310,299
Price Per SF
$1,023

Building Amenities

  • Voice Intercom

Property Description for 138-140 Ludlow Street

Cushman & Wakefield has been exclusively retained to arrange the sale of 138 Ludlow Street NYC, a six-story mixed-use building. The property contains 21,500 SF with 29 units and approximately 48 feet of frontage on Ludlow Street (between Stanton and Rivington). The property lies in the epicenter of the LES, and two blocks north of the $1.9 billion, two million square foot Essex Crossing development. The Property’s 27 residential units consist of studios (4), one-bedrooms (1), twobedrooms (6) and three-bedrooms (16), and two retail spaces at street level. The ground floor consists of 2 stores and 2 apartments. The remaining floors (two through six) contain 5 apartments per floor. Since current ownership acquired the Property in 2018, 138 Ludlow has undergone an extensive interior renovation with a scope encompassing both unit renovations and base building capex. The Property’s lobby, stairwells and 25 of the residential units have been renovated over the last few years. 22 of the Property’s 27 residential units are currently free market (81%). Today, approximately 94% of the Property’s residential income is derived from free market leases.

Listing History for 138-140 Ludlow Street

Now
10/27/2025
POM by Michael F. DeCheser
Cushman & Wakefield
2025
Load More

Building Details for 138-140 Ludlow Street

OwnershipIncome Property
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1920
Floors/Apts6/27
Learn More About the Building

Transit and Citi Bike

Subway

Delancey St-Essex St
0.12 miles
2 Av
0.23 miles
Bowery
0.31 miles
Grand St
0.33 miles
East Broadway
0.47 miles

Citi Bike

Stanton St & Norfolk St
0.09 miles
Allen St & Rivington St
0.1 miles

Contact Agents

Contact Agents

Michael DeCheser
Cushman & Wakefield
Bryan Hurley
Cushman & Wakefield

Lower East Side | Manhattan

Quick Profile

Bursting with energy at every turn, the Lower East Side is one of the most historic neighborhoods in all of Manhattan. Rooted in immigrant history, the bulk of European and Eastern European migration that occurred in the late nineteenth through the early twentieth century took place here, where the Tenement Museum remains one of the best ways to become acquainted with how early residents of the neighborhood lived.

The unique and eclectic mix of building styles--ranging from low- and high-rises to luxury and historic buildings--begins immediately upon entering the area via the Manhattan or Brooklyn Bridge, known as Two Bridges, itself a neighborhood that has also long been known for its immigrant population. With its historic district placed in the National Register of Historic Places, many of its oldest churches, such as Mariners Temple and St. James Church remain a preserved part of the district’s storied past. 

While the LES has long been a hub for aspiring musicians and artists, the area has increasingly transformed its demographic as it welcomes a more affluent sect of residents with the advent of condos and luxury spaces.

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posted on October 16, 2019
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 95891TH
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