Ludlow Lofts

Ludlow Lofts is a condo located 71 Ludlow Street, in Lower East Side, New York. The building was first built in 1900 and is 124 years old. It was first renovated and altered in 1986. But was most recently renovated and altered in 1998. The lot that the building was built on is 75 feet wide and 88 feet long. The official lot area is listed as 6,569 square feet. The building itself is 25 feet wide and 86 feet long. In total, 71 Ludlow Street has a total floor area of 28,802 square feet. Of that, 24,357 square feet are used for residential purposes. About 4,445 square feet of the building are used for commercial purposes. There are a total of 14 units. Of those, 13 are residential units. There are 1 commercial units. 71 Ludlow Street has a total of 7 floors. Thankfully, the building is equipped with elevator service.

Interested in learning more about the building? Great news, subletting is currently allowed, which makes this a great opportunity for folks who just want a secondary home or make some passive rental income. There are many great amenities and features for residents in the building. You can expect to be greeted by a doorman on a daily basis. The same doorman will make sure that your packages are delivered properly and secure! Better yet, washer and dryers are allowed in each unit. Love to bike? Store your bike in the building's bike storage rather than your own apartment. Don't forget to take full advantage of the roof deck where you can soak up some sun during summer or host a get together with your friends and family. Residents who own pets will be happy to hear that the building is pet-friendly. Both dogs and cats are allowed in the building! There are 21 closings on record, of which we have matching data for 2 listings. In the past 3 years, a listing in this building will typically remain on the market for about 180 days Meaning, listings tend to sell at a median of $1,276 price per square foot. The transaction that took the longest to complete was unit 2B, listed on Jun 02, 2023 for $1,950,000. This particular unit ultimately sold 199 days later for $1,915,000. The most recent transaction was for unit 2B, which was first advertised on Jun 02, 2023, sold for $1,915,000 on Dec 18, 2023. Fun fact, the oldest transaction we have on record took place on Sep 18, 2008. See the full transaction history for Ludlow Lofts below.

Lower East Side, where 71 Ludlow Street is located, has a median asking price of $2,100,000 for condo buildings. Meanwhile, the building itself has a median asking price of $2,025,000. For interested buyers, that means the building's median asking price is around 0.04% below the neighborhood's median asking price for condos. Which is great news as a buyer may end up finding some relatively affordable units in this building compared to other condo buildings in the neighborhood.

There are currently 2 active listings for sale within the building and our inventory of available units for sale is constantly updating in real time. Check back frequently for updates. Currently, the most expensive asking price for all of the active units in the building is $3,250,000. It is a 2,292 sqft 3 bedroom and 3 bathroom unit. Conversely, the least expensive asking price for all of the active units in the building is $2,395,000. It is a 1,650 sqft 3 bedroom and 2 bathroom unit. A breakdown of active listings shows no studio, no one-bedroom, no two-bedroom, 2 three-bedroom, and no four-bedroom plus units for sale! The median price of all the active units for sale in the building is $2,822,500. Collectively, the median square footage of these active units for sale is 1,971 sqft. Active units for sale at 71 Ludlow Street are mostly 3-bedroom apartments Active units for sale at 71 Ludlow Street have a median count of 3 bedrooms and have a median count of 2.5 bathrooms.