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

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.