The Real Deal New York

“Rat Castle” no more: sales set to launch at 179 Ludlow Street

Long-stalled residences appear prepped for sales
By Tom DiChristopher | August 25, 2014 06:30PM

Sales are finally set to launch soon at the long-stalled 179 Ludlow Street.

Located on the border of the East Village and the Lower East Side, just around the corner from Katz’s Deli, the project broke ground in 2006 and sat half built for much of the last seven years. Now, developer Enclave Equities is aiming to put the units on the market in mid-September.

Ariel Tirosh of Douglas Elliman is handling marketing and sales and gave The Real Deal an exclusive peek at what’s to come.

The building will contain six floor-through condos above the ground-level retail space. Each of the units on the second through fifth floors is nearly 1,100 square feet with balconies at the front and rear and loft-style elevator access. The second-floor unit also has access to a private garden. Prices start at $1.65 million.

The building is topped with a duplex penthouse with a private rooftop deck and a soaring double-height ceiling in the unit’s great room.

In April, construction resumed on the long-stalled building, which the Village Voice dubbed “The Rat Castle” in 2008 due to a rodent infestation at the abandoned construction site. Michael Goldberg, whose Enclave Equities specializes in troubled projects, bought the property in 2010 after two developers failed to bring the building to completion.

  • David MorN

    I agree, looks like a nice building

    • Ilana Harel

      Very nice, sure others will follow….

  • sgdvsdv

    and he owns

  • megahertz

    that is one ugly building

    • Joeorchard

      so let me understand, rat castle is better? or you just spend your life being a hater…

  • PMR

    Former no mans land. Depressing locale

    • james

      This Neighborhood is a really hot location – amazing restaurants and hang outs…

      • trtc

        Are you high? The neighbourhood was hot 10+ years ago. Now it’s a puke filled, binge drinking, low budget version of mardi gras for douchey millennials daily – with all the great restaurants and lounges being replaced by all you can drink frat bars, 99 cent pizza stores and cheap taco joints. I live here.

  • Ivy

    Definite improvement!

  • James

    I like the stairs on the outside – fire escape?

  • Bold New York

    Stairs on the outside do not count against the buildable square feet that the building is allowed to build. Very smart move that allows for more rentable SF.