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

Long-stalled residences appear prepped for sales

TRD NEW YORK /
Aug.August 25, 2014 06:30 PM

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.


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