3 Years Later, New Luxury Apartments in 145 Ludlow Street Ready to Rent

Posted on: September 1st, 2016 at 5:12 am by
This image has been archived or removed.

The Timeshare Backyard and its vacant lot (once the Collective:Unconscious Gallery) are but a distant memory. This brick beast at 145 Ludlow Street is the proverbial reality check.

Here we are. Three years later, the six-story luxury development is finally alive, the last of its plywood perimeter deposed. The eight upper-crust rentals in its belly – split between two-bedroom units and full floor lofts (plus penthouse duplex) – just hit the market this week. A fancy new website is also live, reminding everyone that the new 145 Ludlow is located on the “most vibrant block of the Lower East Side.” And guess who’s brokering these units. None other than Samy Mahfar’s brokerage, Real NY, which operates a retail office next door.

As previously reported, 145 Ludlow received its new lease on life in June 2013 when the architecture firm of David Howell purchased the mid-block property for $5.7 million. Its role as vacancy (and Timeshare Backyard) expired when construction began three years ago. The road hasn’t been easy, either. There were plenty of obstacles along the way, such as a bevy of stop-work orders for various site infractions.

This image has been archived or removed.

Any prospective tenant doing due diligence here would be smart to note the terrible over-saturation here. Of liquor licenses, traffic, noise, and pretty much everything else.

God speed.

This image has been archived or removed.

Recent Stories

Full GovBall Lineup Announced for Summer 2020

This year marks the 10th anniversary of The Governors Ball Music Festival on Randall’s Island, and Founders Entertainment has tapped some big names to kick off the celebration. Headliners for this year’s festival are GovBall veterans Tame Impala, alongside New York indie darlings Vampire Weekend. New additions to the top slots include venerable Fleetwood Mac […]

International Center of Photography Launches at Essex Crossing Next Week

For the International Center of Photography, four years of transition come to an end next week, as the institution plans its inauguration at Essex Crossing. The 40,000 square-foot museum and school, reunited for the first time since the midtown move, will debut on January 25 with a free “Opening Community Day.” Visitors on day one […]

Michelin-Star Chef Bringing Omakase to Former Black Tap on Ludlow Street

From shakes to sushi. After the epic bomb that was Black Tap, 177 Ludlow Street is now taking a more upscale tack. Omakase, which is Japanese dining for the ultra-luxe set. Real Estate Weekly has the scoop, reporting that a new mystery tenant, who currently owns and operates eight restaurants in New York and Tokyo, […]

‘Karvouna’ Evicted from the Bowery After Less than a Year

Restaurants can’t seem to make it work at 241 Bowery. The latest entrant, Karvouna Mezze, just joined the growing list of failures at this address. The City Marshal paid a visit to the restaurant and shut it down. All told, Karvouna lasted barely one year. Partners Dimitris Vlahakis, Wei Chen, and Chef Giuseppe Scalco (Merakia […]

Beastie Boys and Spike Jonze Announce New Documentary for Apple+

Apple yesterday announced that a new Beastie Boys documentary is coming to its Apple+ platform this spring. Right alongside the 26th anniversary of Ill Communication. Beastie Boys Story is just that – the history of the band as told by surviving members Mike D. and Adam “Ad Rock” Horovitz. It’s based on the bestselling Beastie Boys […]