As SoHo House Looms, Libation Sells off 137 Ludlow Street for $7.9M

Posted on: May 8th, 2015 at 5:10 am by
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The transaction is complete.

As expected, 137 Ludlow Street recently changed hands for $7.9 million. Princeton Holdings, a real estate investment firm, closed on the four-story Lower East Side property at the end of March, public records show.

137 Ludlow Street currently houses Libation, and is situated alongside the forthcoming SoHo House endeavor (“Ludlow House”). News of this sale debunks the chatter circulating the neighborhood just a few months earlier, which pegged the high-end members-only club as the buyer.

Libation co-owners Daniel and Terence Tubridy purchased 137 Ludlow back in 2007 for $5.5 million. It’s safe to say that the sale casts doubt on the remaining shelf life of the decade-running establishment. Especially since Princeton Holdings (aka 137 Ludlow Holdings LLC) reportedly plans to “renovate the property and lease it to a restaurant and bar operator.”

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