145 Ludlow Street Goes Nondo, Pitching a Penthouse at $16.5K

Posted on: October 25th, 2016 at 5:14 am by
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For the first time in more than a decade, there is a building sitting at 145 Ludlow Street. Not for artists, though. You need some serious coin to live here.

The luxury residence was conceived and constructed as condos, but the owner reportedly decided to go rental instead. The marketing copy is quick to remind everyone that with the new 145 Ludlow, it’s “Exquisite living in the Lower East Side.” (There should probably be a comma in there, too.)  And, as you might gather, it costs a life savings to consider living here.

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The six-story 145 Ludlow carries eight units, including two-, three-, and four-bedrooms, plus a crown jewel penthouse. Town Residential is now handling broker responsibilities here. They’ve been holding open houses over the last week. The broker informed us that there is “extreme interest” in these units (the typical talking point), and that the Soho House is really what’s generating the hype. The new only care about the new, after all. There are only four units left, apparently. Price hovering on the ridiculous end of the spectrum, between $6,175 to $16,500 per month for the penthouse.

Throughout each unit, you will find 5″ rift and quartered white oak floors, central A/C, and fully vented top of the line washer/ dryers. Additionally, there is a beautiful planted roof terrace for resident use, and each unit has its own dedicated storage room in the basement. Bike storage, video intercom with i-door capability complete the package.

Kitchens are crafted with light grey oak custom Italian cabinets and grey velvet marble and Arctic white Quartzmaster countertops that are echoed by Arctic white Quartzmaster backsplash slabs. Professional appliances, including Fischer Paykel refrigerators, cooktops, and ovens, Hansgrohe faucets, and stainless steel vented range hoods complete the kitchen.

The joke’s on the renter, though, as this is probably the worst block on the Lower East Side. Hell Square.

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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 almost four 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.

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No Fun was busted by the NYPD in October 2015

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