-- Alpha Realty announces the availability of 132 Ludlow Street, a generational mixed-use asset positioned on a prime corner in the heart of the Lower East Side.
Owned by the same family for decades, the property carries a long neighborhood history, originally acquired and operated as part of a family business in the 1980s. Over time, the retail component evolved into a highly visible commercial presence, including tenancy by globally recognized luxury retailer Louis Vuitton, underscoring the strength and prestige of the location.
Positioned at the corner of Ludlow and Rivington Streets, the six story walk up building spans approximately 21,120 square feet and includes 20 residential units and four commercial spaces. The property offers approximately 124 feet of wraparound frontage, providing exceptional visibility and retail exposure in one of Manhattan’s most active and culturally vibrant corridors.
The asset generates more than $1.4 million in effective gross income with a net operating income exceeding $900,000, supported by a diversified mix of residential and commercial revenue. With most residential units operating at free market rents, investors gain both immediate cash flow and long-term upside potential.
“This is the definition of a legacy asset—family owned, deeply rooted in the neighborhood, and positioned on one of the most recognizable corners in the Lower East Side,” said Lev Mavashev, Principal of Alpha Realty. “Opportunities to acquire corner mixed-use properties with this level of frontage, history, and upside are extremely rare.”
The property’s prominent corner location enhances residential desirability through increased light and air, while maximizing retail performance through strong foot traffic and visibility.
Alpha Realty’s Investment Sales team, led by Lev Mavashev, is handling the exclusive marketing of the property.
About the company: Alpha Realty is a New York City–based commercial real estate brokerage specializing in the sale of multifamily and mixed-use properties across Manhattan, Brooklyn, and the surrounding boroughs. The firm advises owners, investors, and developers on acquisitions, dispositions, and long-term value strategies, with a focus on market knowledge and hands on execution.
Contact Info:
Name: Lev Mavashev
Email: Send Email
Organization: Alpha Realty – Investment Sales | NYC Multifamily
Address: 164 20th St, Suite 3D, Brooklyn, NY 11232
Phone: (212) 658-0955
Website: https://www.alpharealtyny.com
Release ID: 89189620
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