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Soho House Acquires Development Site At 137 Ludlow Street In LES For $15.3M

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SOLD
$15,300,000

New York

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Development Site8,752 SF
Sold 03/12/2020
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Property Image
SOLD

Soho House Acquires Development Site At 137 Ludlow Street In LES For $15.3M

137 Ludlow St, New York, NY 10002, USA

See Similar Deals
Development Site8,752 SF
Sold 03/12/2020
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:Development Site
Price Per Square Foot:$1,748
Total Square Footage:8,752 SF
Transaction Type:Sale

The development site located at 137 Ludlow Street in the Lower East Side (LES) has been sold for the price of $15,300,000. The property spans an area of 8,752 square feet, resulting in a price per square foot (PPSF) of $1,748. The building itself has a total square footage (BSF) of 9,777, equating to a price per BSF (PPBSF) of $1,564.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $15,300,000
  • Address: 137 Ludlow Street
  • Market: LES

The buyer of the property is Soho House, a renowned private members' club, while the seller is Princeton Holdings, represented by Joseph Tabak. The deal involves the demolition of the existing building, which will then be integrated with the adjacent Ludlow Street location of SoHo House New York.

Players

JT
Joseph Tabak
3 deals$22.9M volume
SELLER

Details

SOLD
IMAGE: Joseph Tabak & Ronald Burkle DATE: 03/12/2020 ADDRESS: 137 Ludlow Street MARKET: LES ASSET TYPE: Development Site PRICE: $15,300,000 SF: 8,752 PPSF: $1,748 BSF: 9,777 PPBSF: $1,564 BUYER: @SohoHouse SELLER: Princeton Holdings – Joseph Tabak NOTE: The building will be demolished and combined with the Ludlow Street location of @SoHoHouseNewYork next door.

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