$2,250,000
For Sale
1,063 ft²
$2,116 per ft²
1 room
Studio
0 baths
Townhouse
- Lower East Side
Resale
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This home has been saved by 37 users.
Listing by Marcus & Millichap Real Estate Investment Services Inc, Corporate Broker, 260 Madison Avenue, New York, NY 10016
Common charges
Not applicable
Estimated payment
$11,526/mo
Legal disclaimerAll calculations are estimates provided by StreetEasy for informational purposes only. Actual amounts or financing terms may vary. Please contact your mortgage provider for specifics.Taxes
No info
Tax abatement
No info
About
Seller’s agent
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, 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.
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Home features
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About the building
159 Ludlow Street
159 Ludlow Street, New York, NY 10002
2 units
4 stories
2025 built
For sale
1 available units for saleFor rent
0 available units for rentDocuments and permits
View documents and permitsProperty history
- Price Change: ↓ $225,000 (-9.1%) on 11/9/25
- Days on market: 100 daysThis is the number of days the listing has been on StreetEasy.
| Date | Price | Event |
|---|---|---|
11/9/2025 | $2,250,000 | Price decreased by 9% |
8/26/2025 | $2,475,000 | Listed by Marcus & Millichap Real Estate Investment Services Inc |
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Explore Lower East Side
Transit
| Location | Distance |
|---|---|
| 0.13 miles |
| 0.16 miles |
| 0.17 miles |
| 0.29 miles |
| 0.35 miles |
About Lower East Side
Rental prices shown are base rent before any fees. Visit listings for cost and fees breakdown.
SalesMedian asking price
Studio
$475K
RentalsMedian asking base rent
Studio
$3,625
The narrow streets of the Lower East Side were once lined with tenement buildings, shirt factories and bialy shops. Although a few vestiges of the neighborhood's immigrant heritage remain, many of the tenement buildings have been updated and now offer relatively affordable rental options to young New Yorkers looking to live right in the thick of Downtown Manhattan.
There's no getting around it - the LES is a major nightlife destination. In this part of the city, last call is late and often negotiable -- especially if you're a regular. On weekend nights, the neighborhood is packed as crowds overflow from the local bars and take to the streets in search of a late-night falafel fix before heading onto the next party. During the day, the neighborhood chills out as residents nurse their hangovers or head to work slowly after stopping at one of the area's many trendy juice bars or coffee shops.



























































































