Seth Levine & Frank Alessio Acquire Retail Property On Ludlow St. In Manhattan For $9.5M

The retail property located at 92 Ludlow Street in Manhattan has been sold in a recent transaction. The buyer of the property is Seth Levine & Frank Alessio, who own and operate the well-known Lower East Side establishment, Hotel Chantelle. They purchased the real estate for $9,500,000. The property spans 9,200 square feet, resulting in a price per square foot of $1,033.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $9,500,000
• Square Feet: 9,200
• Price Per Square Foot: $1,033
• Address: 92 Ludlow St.
• Market: Manhattan

Fairstead was the seller in this transaction. Seth Levine & Frank Alessio, the buyers of the property, own and operate the popular Lower East Side establishment, Hotel Chantelle. They have plans to extend their long-term lease and potentially expand using the available air rights.