$2,850,000
SOLD JAN 2, 2025
3 Beds
2.5 Baths
2,253 Sq Ft
$1,963/mo HOA Fee

Recently Sold

$1,265 Per Sq Ft

5% Below List Price

33 Days on Market

Highlights

  • High Ceiling
  • 2-minute walk to Essex Street
  • Eat-In Kitchen
  • P.S. 42 Benjamin Altman Rated A
  • Terrace
  • Built-In Features

About This Home

As of January 2025

Residence 4B at 71 Ludlow Street is a spacious and sunny loft on the Lower East Side with an expansive floor plan. The home includes three bedrooms and two-and-a-half bathrooms across 2,253 square feet, plus a spacious private roof terrace.

On the main level, a private keyed elevator opens directly into an east facing great room, framed by custom-built floor-to-ceiling oak bookshelves. Ceilings over 12’ high amplify the volume of space, while eastern and western exposures draw abundant natural light throughout the day. The open layout of the main floor is lofty and allows for a variety of configurations, ideal for flexible space.

The kitchen is large, open and modern, complete with Bosch appliances, custom Italian cabinetry finished in high gloss polyester lacquer, and a central island topped with Italian Carrara marble.

On the west end of the main level, the principal bedroom is tucked away, quiet and private. A generous dressing room leads into the primary bath, which features radiant heat gray slate floors.

The upper level, accessible via a considered spiral staircase, includes two additional bedrooms plus a shared bathroom.

The crown of the home is a lovely private roof terrace. A restful and inspiring spot for enjoying morning coffee, cultivating a garden, or simply gazing at the sky and forgetting the city below. At 650 square feet, the terrace offers ample space for multiple seating areas and includes access to water and electricity.

Additional amenities include in-unit laundry, central air conditioning, and 7” plank Siberian oak flooring throughout.

The Ludlow Lofts is a condominium building of 13 residential units and 1 commercial unit, located on Ludlow Street between Broome and Grand Streets. Residents benefit from a part-time doorman and weekday superintendent, along with a package room, bike storage, and a common roof deck. The neighborhood is thriving with dining and entertainment options that are both familiar and fresh, local spots include Katz’s Deli, Russ & Daughters, Essex Market, and Orchard Grocer, and Ludlow House. Convenient access to the B/D/F/J/Z subway lines and the M15 bus for easy transportation.

Taxes reflect the amount after the NYC Co-op/Condo Abatement.

Last Agent to Sell the Property

Nick Gavin

Compass License #40GA1149765 Listed on: 09/04/2024

Compass

Co-Listed By

Debra Bondy

Compass License #10301203470

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $37,260

Year Built

  • Built in 1900

HOA Fees

  • $1,963 Monthly HOA Fees

Home Design

  • Entry on the 4th floor

Interior Spaces

  • 2,253 Sq Ft Home
  • Built-In Features
  • High Ceiling
  • Laundry in unit

Kitchen

  • Eat-In Kitchen
  • Kitchen Island

Bedrooms and Bathrooms

  • 3 Bedrooms

Outdoor Features

  • Terrace

Utilities

  • Central Air
  • No Heating

Listing and Financial Details

  • Legal Lot and Block 1009 / 00408

Community Details

Overview

  • 14 Units
  • Lower East Side Subdivision
  • 7-Story Property

Amenities

  • Laundry Facilities

Property Details

Home Type

Condominium

Est. Annual Taxes

$37,260

Year Built

Built in 1900

Lot Details

0

HOA Fees

$1,963 per month

Listing Details

  • Exposures: East,West
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Lower East Side
  • Entry Level: 4
  • Structure Type: Mixed Use
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 7

Interior Features

  • Interior Features: Built-in Features, Eat-in Kitchen, High Ceilings, Kitchen Island
  • Appliances: Stainless Steel Appliance(s)
  • Fireplace: No
  • Living Area: 2253.0
  • Living Area Units: Square Feet

Beds/Baths

  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Bathrooms Integer: 3
  • Bedrooms: 3

Exterior Features

  • View: No
  • Patio/Porch Features: Terrace

Garage/Parking

  • Garage: No
  • Attached Garage: No

Utilities

  • Laundry Features: Common On Floor, Common Area, In Unit
  • Cooling: Central Air
  • Cooling: Yes
  • Heating: No

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 1963.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Lot Info

  • Lot Size Units: Square Feet
  • Lot Size Dimensions: 75.080000x87.500000

Building Info

  • New Construction: No
  • Units: 14
  • Total Stories: 7
  • Year Built: 1900

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Block: 00408
  • Tax Lot: 1009
  • Tax Annual: 37260.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 4, 2024
Closed on
Jan 2, 2025
Sold by
Magnusson Carl and Magnusson Emanuela Frattini
Bought by
Gotham Haven Llc
Seller's Agent
Nick Gavin
Compass
List Price
$2,995,000
Sold Price
$2,850,000
Premium/Discount to List
-$145,000
-4.84%
Views
61
Current Estimated Value
$3,118,866

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$268,866
Avg. Annual Appreciation
10.18%

Purchase Details

Closed on
Sep 18, 2008
Sold by
Dorose Holding Corp
Bought by
Frattini Magnusson Emanuela and Magnusson Carl
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $2,850,000 --
Deed $1,952,180 --
Deed $1,952,180 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/02/2025 01/02/25 Sold $2,850,000 -4.8% $1,265 / Sq Ft
10/07/2024 10/07/24 Pending -- -- --
09/04/2024 09/04/24 For Sale $2,995,000 -- $1,329 / Sq Ft
Source: Real Estate Board of New York (REBNY)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $45,165 $375,143 $93,492 $281,651
2024 $45,165 $361,262 $93,492 $267,770
2023 $46,167 $376,352 $93,492 $282,860
2022 $43,185 $353,777 $93,492 $260,285
2021 $42,349 $345,230 $93,492 $251,738
2020 $41,588 $382,357 $93,492 $288,865
2019 $38,757 $373,771 $93,492 $280,279
2018 $35,669 $360,721 $93,492 $267,229
2017 $31,937 $306,188 $93,492 $212,696
2016 $30,137 $276,807 $93,492 $183,315
2015 $18,683 $237,098 $93,492 $143,606
2014 $18,683 $221,428 $93,492 $127,936
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS11006360

Real Estate Board of New York (REBNY)

APN: 0408-1009