Essex Crossing Adjacent Properties on Ludlow Street Fetch $12M

Posted on: November 15th, 2019 at 5:00 am by

Change may soon come to the Chinese food wholesaler at 89-91 Ludlow Street. The dual property just changed hands this month for $12.3 million.

Buyer of record is an LLC linked to Brooklyn’s Xiaoling Huang.

The two parcels in question, comprising a three-story commercial building and the adjacent lot where wholesaler C&L Restaurant Supply currently operates (contributing to the often foul olfactory cocktail here), were first listed on the market back in 2017 for the much higher tag of $18 million.

Many property owners in and around the Essex Crossing development area are cashing out. This is just another example, situated across the street from the soon-to-open International Center of Photography.

[h/t The Real Deal]

Recent Stories

F Train Subway Tunnel to Undergo $100M Sandy-Related Repairs Next Year

F train riders, get ready for a shutdown. The Rutgers Tube, which connects Brooklyn and Manhattan beneath the East River, took on 1.5 million gallons of saltwater during the Hurricane Sandy in October 2012, and is next in line for repair. According to a report in The City, undergo at least $100 million worth of […]

Issey Miyake Boutique will Eventually Open on Kenmare Street

That so-called jewel box development at Elizabeth and Kenmare Streets is a sore site for these eyes. With the mess of construction materials long-gone, the hulking concrete mass feels somewhat like a prison complex. And into this condo compound, a trendy international retailer on the ground level. Eye-grabbing teaser signage for Issey Miyake has been […]

Bonkers 8-Story ‘Monarch Sanctuary’ Proposed for Cleveland Place

When the popular restaurant, The Cleveland, closed its doors back in November 2014, the owners blamed the landlord. And also cited potential plans in the making for luxury hotel on the spot. Now, over five years and several retail businesses later, the battle continues for the development of this unique commercial stretch. One that might […]

Apply to Girls Prep Today! [Sponsor]

Apply to Girls Prep! Girls Prep Lower East Side is the first tuition-free, all-girls public charter school in Manhattan. We serve girls in pre-kindergarten through 8th grade — and support our alumnae through high school, college and beyond. We’re accepting applications for next school year. Click here to apply before our lottery deadline: April 1st.

Take a Whiff: Chatting Honey-Mustard Power Pop with The Whiffs

The Whiffs are the best kept secret of indie rock. Full stop. You needn’t look further than their punchy throwback style and knack for crafting infectious earworms. At first listen you might think the four-piece hailed from across the pond and another era entirely. Mixing addictive elements of Herman’s Hermits, The Turtles, and The Who. […]