The Last Auto Repair Shops on Attorney Street Hit the Market for Combined $25M
Today, just a few weeks after 155 Attorney launched with claims of “reinventing” the neighborhood, we now learn that the last two auto shops on the block are to fall. That includes the decades-old Ludlow Garage (which is selling its building) and the body shop across the street. Twin real estate listings courtesy of Compass pitch the properties as the perfect “development opportunity” in one of the “most exciting neighborhoods in the city.” Price tag is a combined $25 million between 151 Attorney ($18 million) and 152 Attorney ($7 million).According to public record, Ludlow Garage Co-owner Mario Marques owns 152 Attorney and Felipe Velez owns 151 Attorney).
Compass is quick to mention the popularity of the Lower East Side, and how, “each year the popularity of the neighborhood draws an abundance of new individuals from around the world who want to be part of one of the most exciting neighborhoods in the city.”Below is the broker-babble included with both listings, along with renderings that illustrate the potential development that could happen.
The Lower East Side is known as the trendiest neighborhood in New York City. Each year the popularity of the neighborhood draws an abundance of new individuals from around the world who want to be part of one of the most exciting neighborhoods in the city. With great shopping, popular eateries, and eclectic nightlife the Lower East Side is one of the only places where you get the complete New York City experience. Our Attorney Street site offers any developer a chance to create a special building located on a block that we consider to be a hidden Gem. Zoned for seven floors and built on a 50.5 x 100 foot lot allows for 24 units. Nestled between Houston Street and Stanton Street, both sites are a short distance from the F, J, M, and Z trains.
The addition of these two development sites crowds out the last of the commercial business here. The arrival of chi-chi projects up the block certainly signal that the time was ripe for cashing out. It’s last man standing for the plumbing shop. Meanwhile, the former Sin-e rock club is equally endangered, and has been peddled on the open market for the last few years. To no avail; at least not yet.The Ludlow Garage was founded in 1981 on its namesake street by present co-owners, Jerome Vasconcellos, and Mario Marques. Its headquarters was actually 139 Ludlow Street, the former funeral parlor now owned by Soho House.