Ludlow Lofts, 75 Ludlow Street: Review and Ratings

Review of 75 Ludlow Street by Carter Horsley

Marketing began in September, 2007 for 12 condominium apartments at Ludlow Lofts at 75 Ludlow Street between Broome and Grand Streets on the Lower East Side.

The development is a conversion of a rental project that was converted in 2000 from a group of three commercial buildings that were combined and renovated by Davis & Warshow in the 1930s, according to Jon Michael Schwarting, a partner of Campani and Schwarting Architects of Port Jefferson, N. Y., the architect for both the rental and condominium conversions.

The condo project was sponsored by Dorose Holding Corp. of Maspeth, N.Y., of which Frank Finkel is president.

The project contains 12 loft-style units with prices ranging initially about $1,300,000 to about $2,000,000. According to Mr. Schwarting, the complex also contains a spectacular apartment that was featured in Architectural Record magazine that was not being offered for sale and is being kept by a member of the family that owns Dorose Holding.

The condo apartments, which range in size from about 1,575 to 2,253 square feet, include two duplex units and three units with private roof space. Most of the apartments are three-bedrooms with two baths and some units have a utility room with a washer and dryer and a wash sink.

The development has have a part-time doorman, key-lock elevator, common roof deck, private basement storage, a bicycle room and heated sidewalks.

Five of the apartments were available for immediate occupancy, according to Emily Fuller Kingston of Halstead Property, and the remainder will be available in early 2008.

The apartments have central air-conditioning, radiant under-the-floor heating, maple flooring, "designer lighting," video security and "high-speed telecommunications lines including 12 phone lines in each apartment."