163 Ludlow Street

Owner: Tatar Holding

Acquired: May 04, 2023, $30 million

Debt: May 04, 2023, $23.5 million

Built: 1910

Renovated: 2014

SF: 8,313

Dwelling units: 20

No. of buildings: 1

Class: Over Six Families Without Stores (C1)

Floors: 5

Transactions:

• Tatar Holding borrowed $23.5 million from Morgan Stanley Capital I Trust 2021-L7 for 163 Ludlow Street, 165 Ludlow Street, and 167 Ludlow Street, Lower East Side, Manhattan on May 04, 2023.

• Magnum Real Estate Group sold 163 Ludlow Street, 165 Ludlow Street, and 167 Ludlow Street, Lower East Side, Manhattan for $30 million to Tatar Holding on May 04, 2023.

Development:

• Alex Laszlo filed plans for alteration in Lower East Side, Manhattan, on February 12, 2020.

• Alex Laszlo filed plans for alteration in Lower East Side, Manhattan, on January 10, 2019.

• Alex Laszlo filed plans for alteration in Lower East Side, Manhattan, on December 07, 2020.

• Alex Laszlo filed plans for alteration in Lower East Side, Manhattan, on February 03, 2020.

• Yulisa Garcia filed plans for alteration in Lower East Side, Manhattan, on April 20, 2017.

Violations:

According to city public data, the properties have received $280 in OATH penalties in the last year.

Latest Stories:

• German investor Tatar Holding pays $30M to Magnum for 3 LES walkups (May 04, 2023)

• Magnum Real Estate Group borrows $19M from Arbor Realty for multifamily property in Lower East Side (January 23, 2020)