Capturing the ‘Inutilious Retailer’ Before the Ludlow Store Shutters and the Building is Upscaled

Posted on: July 29th, 2016 at 5:18 am by
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It’s last call for the Ludlow Street store that sold nothing. The Inutilious Retailer at 151 Ludlow Street – where people can take anything from the store but must create replacement art to swap – is closing on Sunday.

Photographer Nick McManus captured a few images from the final days and sent them along. Here’s one.

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Photo: Nick McManus

The departure is part of a larger story here. That of side-by-side tenements allegedly changing hands in a neighborhood replete with real estate over-speculation.

Word on the street maintains that 151-153 Ludlow Street recently sold for upwards of $14 million. The seller, Arwen Equities/Luthien Group, had allegedly been peddling the two properties on the open market for months. The former will require extensive renovation as several units are in ruins. However, as of this writing, we couldn’t find any record of the transaction in the city database just yet. If the sale indeed transpired, it was probably an off-market deal or backroom shuffle.

We also hear that tenants in 153 Ludlow are already being solicited with buyout offers.

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One of the ruined apartments inside 151 Ludlow St.

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