Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

Under Contract – Backup offers may be accepted

56 LUDLOW Street #3RDFLOOR
Interested in this property?
Pending For Sale Rental

$1,490,000

$833 per sq ft

56 LUDLOW Street #3RDFLOOR

Lower East Side, Manhattan

MLS® #RLS20045396

RLS at REBNY

Listing by Corcoran Group

3

Bedrooms

2

Baths

1,788

Sq. Ft.

1900

Year Built

Quick Summary

Bedrooms 3
Bathrooms 2
Living Area 1,788 sq ft
Year Built 1900
Ownership RentalBuilding
HOA/Common Charges $2,900/mo
Neighborhood Lower East Side
Floor 3 of 5

Property Highlights

  • Views: Other
  • Style: WalkUp architecture
  • Climate Control: Window Units

Property Details

Type Rental
Ownership Rental Building
Total Rooms 5
Baths 2 Full
Floor 3 of 5
View Other
Cooling Window Units
Pets SizeLimit, Yes
Year Built 1900
Living Area 1,788 sq ft
Architectural Style WalkUp
Basement Other
Block/Lot 00310/0012

Listing History

Event Date Price Change
Listed Mar 31, 2026 $1,490,000 -
Currently Jul 8, 2026 $1,490,000 -

Description

56 Ludlow Street, 3rd Floor - A Storied Loft in the Heart of the Lower East Side Where you make your LES loft dreams come true! Welcome to 56 Ludlow - an iconic, turn-of-the-century co-op that has long served as a sanctuary for artists, musicians, and visionaries. Built in 1900 and lovingly restored by it's current owners, this historic building is heralded as the birthplace of the Velvet Underground. To this day it continues to offer a rare, authentic artist loft experience in one of Manhattan's most dynamic neighborhoods. At 25 ft. wide by 75 ft. long, the 3rd floor loft offers you and your architect a blank canvas for your imagination. With tons of raw potential and original charm, this space will easily accommodate 3 bed 3 bath floor plan. It's shares also conveys approximately 450 sq. ft. of undeveloped, private rooftop space, and nearly 100 sq. ft. of private basement storage. The 3rd floor is currently tenant occupied, but can be delivered vacant near closing. Monthlies are $2900/mo. with a $400/mo assessment through December 2025. Basement bike storage is permissible at this time. The building also allows washer/dryers and pets upon approval. The building is intimate and community-minded. Located on a quiet tree-lined block, it's a peaceful retreat in the heart of the bustling Lower East Side. That said, it's only moments from legendary galleries, Michelin starred restaurants, nightlife, and culture. 56 Ludlow is more than a home - it's a part of New York City's story. Come write your next chapter here.

Features & Amenities

Interior Features

Building Other Washer Hookup In Unit

Exterior Features

Private Outdoor Space Over60 Sqft

Building Information

Building Data View Compliance & Permits
Total Units 5
Stories 5
Style WalkUp

Financial Details

Common Charges $2,900/mo

The Lower East Side (LES) is a neighborhood where New York’s storied history meets its high-end future. Known for its legendary nightlife and deep historic roots, the area has seen a dramatic transformation with the arrival of luxury towers like Essex Crossing. The housing stock is a unique mix of historic walk-up cooperatives, value-driven HDFC units, and ultra-modern condominiums that offer some of the best views in Downtown Manhattan.

Lower East Side Live Market Data

View Neighborhood

Active Listings

126

Median Asking Price

$1.11M

Median $/Sqft

$1,343

Avg Days on Market

N/A

New This Week

3

Price Reduced

29%

Sold (30 Days)

8

Median Sale Price

$969K

Live data from RLS at REBNY • Updated 7/8/26, 12:33 AM EST

Similar Listings in Lower East Side

View All

Location

Loading map...

56 LUDLOW Street #3RDFLOOR, Lower East Side, New York County

Floor Plans

Floor Plan 1

Building Information

Official NYC property records for this building

1900
Year Built
126 years old
5
Floors
4
Residential Units
C6-2
Zoning District
Primarily Residential Mixed Use

Tax & Assessment

Assessed Value: $2,225,700
Land Value: $866,250
Exemptions: $0

Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.

Lot Area: 2,200 SF
Building Area: 9,995 SF
Built FAR: 4.54
Allowed FAR: 6.02

Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)

Want help estimating ownership costs or understanding building compliance? Let's discuss

Frequently Asked Questions

Common questions about this property

The current listed common charges are $2,900 per month. Confirm the exact amount with the listing broker before making an offer.

This property has 3 bedrooms and 2 full bathrooms.

The listed interior living area is 1,788 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 1900, making it approximately 126 years old.

This listing is RentalBuilding

Pets are permitted at this property: case by case,Building Pets Allowed Comments:case by case. Contact the listing broker for weight limits or breed restrictions.

At the current list price of $1,490,000 for 1,788 sq ft, the asking price per square foot is approximately $833. This figure is for reference only and may differ from appraised or assessed values.

To schedule a private showing, contact Milton Coste at (917) 416-7433 or mcoste@kwnyc.com. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.

Have a question not answered here?

(917) 416-7433
MLS® ID: RLS20045396
First Listed: 9/2/2025
On Market: 3/31/2026
Price Changed: 9/2/2025
Pending Since: 10/14/2025
Contract Date: 9/2/2025

Listing Courtesy of Corcoran Group - Sheri Terry

Listing Contact: (917) 541-3086

Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.

Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 7/8/2026 at 4:33 AM UTC

Buying in NYC? Start Here

Co-op vs. Condo: Which Is Right for You?

Ownership structure, board approval, financing: the full comparison.

Read article

Pre-Approval Strategy for NYC Buyers

How to get pre-approved and budget for all NYC purchase costs.

Read article

NYC Closing Costs: Complete Breakdown

Buyer and seller closing costs itemized, including what to budget for.

Read article

NYC Mansion Tax: 2026 Guide

How the tiered mansion tax works for purchases over $1M.

Read article

Interested in this property?

Your info is secure and never shared.

Call Text Email