117 Ludlow Street, New York, NY 10002 Property Information
117 Ludlow Street, New York, NY 10002 Property Information
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Address
| Primary address | 117 Ludlow Street |
| Neighborhood | Lower East Side |
| Zip code | 10002 |
| Borough | Manhattan |
| Block & lot | 00410-0022 |
Sales & Tax Overview for 117 Ludlow Street, New York
View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.
| Tax class | Register |
| Estimated property tax | $142,115 |
Lot & Building Information for 117 Ludlow Street, New York
| Lot sqft | 2,207 |
| Lot dimensions | |
| Building class | Walk-up Apartment - Over Six Families with Stores (C7) |
| Building sqft | 9,119 |
| Building dimensions |
| Buildings on lot | 1 |
| Stories | 6 |
| Year built | 1900 |
| Construction type | Register |
Area Overview
| School district | 1 |
| Community district | 3 |
| Closest police station | 0.30 Miles |
| Closest fire station | 0.34 Miles |
View more neighborhood information such as transportation, nearby schools and risk designations in the dedicated tab.
Other Property Data for 117 Ludlow Street, New York
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About 117 Ludlow Street, New York
This Walk-up Apartment - Over Six Families with Stores (C7) located at 117 Ludlow Street, New York, NY 10002 has a total of 9,119 square feet.
What is the year built & the current market value of 117 Ludlow Street, New York, NY 10002?117 Ludlow Street, New York, NY 10002 was built in 1900 and has a current tax assessor's market value of $2,659,000.
How many commercial spaces does this building have?This building has 1 commercial spaces available for lease. There are 1 active listings at this address.
Ownership Information for 117 Ludlow Street, New York
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Spaces for Sale in 117 Ludlow Street, New York
| Listing type | For Sale |
|---|---|
| Listing date | 07/18/2025 |
| Last updated | 07/23/2025 |
| Lot size | 0.09 Acre |
Marcus & Millichap is the exclusive sales broker for 115 & 117 Ludlow Street (the “Property”), two adjacent mixed-use walk-up buildings between Rivington and Delancey Streets on the Lower East Side.
115 Ludlow Street is built 20 feet by 70 feet on a 20-foot by 88-foot lot; 117 Ludlow Street is built 25 feet by 74-feet on a 25-foot by 88-foot lot. Both properties are zoned C4-4A, have minimal unused development rights and are not part of a historic district.
The Property’s unit mix is comprised of one large commercial space and eighteen apartments (115 Ludlow has eight two-bedroom apartments; 117 Ludlow has ten three-bedroom apartments). The commercial space occupies the ground floor of both buildings and is approximately 2,900 square feet; it was formally occupied by ownership’s grocery store and is now vacant.
The Property offers an investor the opportunity to take over a long-term-family-owned building in order to professionalize management operations and increase cash flow. There are also many options for upgrading the retail space in a sub-market known for its restaurants and nightlife.
The Property is located in the center of the Lower East Side, one of the city’s most hip and edgy neighborhoods. It is surrounded by apparel boutiques, critically acclaimed restaurants, and popular nightlife that attract a high volume of foot traffic to the immediate area. The Property is two blocks from the subway station at Delancey-Essex (F, M, J, Z lines) as well as from Essex Crossing, a 1.65-million-square-foot development anchored by 1,000 units of housing, 250,000 square feet of office space, Essex Street Market, a rooftop urban farm, the Andy Warhol Museum, and a diverse mix of retail space.
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Past Sales & Property History for 117 Ludlow Street, New York
Create a free account to view the complete sales history for 117 Ludlow Street, New York, including title documents, transfer conditions, mortgages, liens, and pre-foreclosures.
No recorded sales for this property.
Title Documents for 117 Ludlow Street, New York
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R: Recorded date
D: Document date
Property Taxes for 117 Ludlow Street, New York
Access detailed property tax data for 117 Ludlow Street, New York, NY 10002. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.
| Tax year: | 2025-2026 |
| Property tax: | $129,711 |
| Estimated property tax: | $142,115 |
| Tax assessor's market value: | $2,659,000 |
| Assessed value: | $1,196,550 |
Assessment History for 117 Ludlow Street, New York
Here's the assessment & property tax history for 117 Ludlow Street, New York, including the evolution of the total tax rate and corresponding property tax.
| Year | Market value | Assessed value | Taxable | Tax rate % | Base tax | Property tax | Year over year change |
|---|---|---|---|---|---|---|---|
| 2025/26 | $2,659,000 | $1,196,550 | $1,042,780 | 12.439% | $129,711 | $129,711 | +0.88% |
| 2024/25 | $2,430,000 | $1,093,500 | $1,028,650 | 12.5% | $128,581 | $128,581 | -0.77% |
| 2023/24 | $2,374,000 | $1,068,300 | $1,036,440 | 12.502% | $129,576 | $129,576 | +5.04% |
| 2022/23 | $2,466,000 | $1,109,700 | $1,005,660 | 12.267% | $123,364 | $123,364 | +23.18% |
| 2021/22 | $1,819,000 | $818,550 | $818,550 | 12.235% | $100,150 | $100,150 | -10.50% |
Permits for 117 Ludlow Street, New York
The complete history of permits filed for 117 Ludlow Street, New York, including new construction or demolition permits, plus any work pertaining to plumbing, heating and sprinkler systems is available with a free account. Available data goes back to 1990.
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Manhattan Commercial Market Stats
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Risk
| FEMA flood zone(s): | X (See more on map) |
Transportation
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Distance to Subway
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| Closest station | Essex St & Delancey St at NW Corner | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Station lines | F-J-M-Z | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Distance (miles) | 0.065 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Bus Routes
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| Name | Delancey St/Essex St | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Line | B39 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Distance (miles) | 0.056 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Neighbors for 117 Ludlow Street, New York
Here are the neighbors for 117 Ludlow Street, New York, NY 10002.
| Address | Square feet | Purchase date | Purchase price |
|---|---|---|---|
| 119 Ludlow St, New York | 5,985 | 12/03/2021 | $3,700,000 |
| 115 Ludlow St, New York | 6,778 | 12/05/1990 | |
| 113 Ludlow St, New York | 3,505 | 08/06/2021 | |
| 90 Delancey St, New York | 3,900 | 03/15/1990 | |
| 124 Ludlow St, New York | 10,500 | 05/21/2019 | $21,500,000 |
| 127 Ludlow St, New York | 13,355 | 01/31/1984 | |
| 95 Rivington St, New York | 9,225 | 01/11/2018 | |
| 87 Rivington St, New York | 9,525 | 06/30/2009 | $16,000 |
| 140 Orchard St, New York | 13,049 | 10/14/2010 | $3,350,000 |
| 88 Delancey St, New York | 3,900 | 06/16/1978 | |
| 86 Delancey St, New York | 29,437 | 05/30/2012 | $4,800,000 |
| 112 Ludlow St, New York | 132,750 | ||
| 123 Ludlow St, New York | 14,730 | 12/09/1994 | |
| 138 Orchard St, New York | 9,068 | 01/04/1989 | |
| 122 Ludlow St, New York | 10,500 | 05/21/2019 | $21,500,000 |
| 136 Orchard St, New York | 9,008 | 04/21/1998 | |
| 109 Ludlow St, New York | 16,812 | 03/21/2023 | $8,800,000 |
| 121 Ludlow St, New York | 4,485 | 05/14/2009 | $3,450,000 |
| 110 Ludlow St, New York | 10,275 | 06/01/1998 | |
| 89 Rivington St, New York | 06/23/1986 |