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

Posted on: May 8th, 2015 at 5:10 am by
This image has been archived or removed.

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.”

Recent Stories

A Tree Falls on Chrystie Street

A tree falls on Chrystie Street, and plenty of people were there to see it. During the morning deluge yesterday, a tall timber from inside Sara D. Roosevelt Park toppled into the roadway of Chrystie Street, just north of Grand. The fallen tree straddled most of the pavement, but luckily no one was hurt. Only […]

PS 110 Hosts 5th Annual ‘Lower Eats Side Food Festival’ Tomorrow

Tomorrow afternoon, you can eat your way around the globe at the fifth annual “Lower Eats Side Festival.” As in years prior, the PTA at Public School 110 (aka the Florence Nightingale School) on Delancey Street is once again hosting this international food and music festival. First held in 2015 on the 110th anniversary of […]

Skaters Take Division Street

Whenever a pedestrian plaza is created on the Lower East Side, the skateboarders are never too far behind. The longtime free space on Delancey Street near Norfolk is case in point, where groups of skaters are often seen practicing tricks. The same occurs down on Division Street at the confluence of Canal. This, too, has […]

Celebrating 19 Years of Egg Rolls and Egg Creams on Eldridge Street

Mah jongg tiles at the ready! The annual Egg Rolls and Egg Creams Festival is hitting the Lower East Side this weekend. The block party, now in its 19th year, is ready to dish out frothy beverages that are neither egg nor cream, alongside a bunch of activities and food celebrating the unique diversity of […]

The ‘New Stand’ Innovation Hub Debuts on the Bowery

Promised for two years, the newfangled “newsstand” at 306 Bowery – dubbed the New Stand – is finally operational. The “content and innovation hub” opened to the public yesterday. Technically, the 6,700 square-foot retail space (formerly occupied by Patricia Field) was christened back in February with a fashion show by Collina Strada, and was supposed […]