Newswire Residential

GRID Group Launches Sales at Boutique Condominium 147 Ludlow on the Lower East Side

Credit: MW Studio

Grid Group, a full-service family-operated real estate development firm with a dedication to quality and craft, has announced the launch of sales at 147 Ludlow. The timeless property features eight luxurious loft-style residences priced from $1.895M. Initial availability includes two and three-bedroom lofts along with a full-floor four-bedroom duplex with 37 ft of frontage on Ludlow Street, and 647 square feet of private outdoor space with panoramic views of the downtown skyline including a 36’ x 15’+ terrace and private balcony. Nicole Hechter and Masayo Hashimoto of Corcoran New Development are leading marketing and sales efforts.

147 Ludlow is 100% complete and buyers can move in imminently. It is designed by DHD Architecture and Interior Design, which has tremendous experience designing for indoor-outdoor living.

All residences at 147 Ludlow boast 9’6 ceilings, white oak floors, and oversized European casement tilt and turn windows, allowing natural light to fill the expansive living spaces while providing the maximum sound attenuation. Every residence has gracious and private outdoor spaces, optimally built for relaxation and entertaining with a backdrop of quintessential New York City views.

“147 Ludlow Street exceeds all expectations for today’s buyer,” says Yiannes Einhorn, Principal at Grid Group. “We’re excited to present this development to the market and continue our collaboration with Corcoran New Development who partnered with us on downtown sellouts 124 West 16th Street and 246 West 16th Street.”

124 West 16th Street was the only New York building to launch during the pandemic and sell out in less than a year at an average price of $5.8M. Like 147 Ludlow, it was designed by DHD Architecture and Interior Design, with above-and-beyond craftsmanship by Grid Group.

Kitchens at 147 Ludlow are crafted with light grey oak custom Italian cabinetry offset by Grey Velvet marble and Arctic white Quartzmaster countertops, echoed by Arctic white Quartzmaster backsplash slabs. Appointed with top-of-the-line appliances, including Fisher and Paykel refrigerators, cooktops, and ovens, Hansgrohe faucets, and stainless steel vented range hoods, the kitchens are designed for the modern chef who loves to entertain.

The beautiful primary bathrooms exude luxury with Zuma soaking tubs, Bianco Dolomite and Grey Velvet marble floors, and custom Grey Velvet slab tub decks in select residences. Secondary baths feature Bianco Dolomiti marble, Hansgrohe fixtures, VIGO shower doors, and marble floors. Each bespoke home has central AC, fully vented top-of-the-line washer/ dryers, complete with a dedicated storage room in the basement.

“147 Ludlow Street is a boutique offering with a very limited number of residences and offers great private outdoor space,” says Nicole Hechter, who is leading sales with Masayo Hashimoto for Corcoran New Development. “This is the exact product type that is commanding bidding wars and selling out during this time period so it’s critical that brokers and prospects engage now. Buildings developed by Grid have a track record of selling out quickly and we anticipate the same here.”

147 Ludlow is just moments away from contemporary hotspots in the Lower East Side such as Katz’s Delicatessen, Russ & Daughters, Wildair, Contra, Carbone, Beauty & Essex, Dirty French, Bowery Meat Co., and cultural offerings such as The New Museum, The International Center of Photography, The Public, and Ludlow House.

GRID Group develops real estate with enduring value designed for effortless and refined living in some of New York’s most-coveted neighborhoods. The firm currently oversees $300 million in project value, including 145 Central Park North, it’s largest project to date. 145 Central Park North boasts immediate access to Central Park, a full suite of amenities and many of the homes feature private outdoor space. Remaining one to four-bedroom condominiums are priced from $1.3 million.

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