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Lower East Side Getting a New Single-Family Mansion for $4.6M

When 55 Ludlow Street hit the market back in December 2009, it seemed most likely to sell as a condo conversion opportunity, with the potential for five full-floor lofts, ground-floor retail space, and a penthouse. But a buyer had a different?and perhaps better??idea: a single-family mansion. Reps for Bond, the broker representing the buyer and the seller, tell us the place has finally sold for $4.6 million. The most recent asking price was $5,599,000, so that's a substantial discount. But the building, judging by the listing pics, probably doesn't make a great first impression.
· Listing: 55 Ludlow [Bond]
· 55 Ludlow Street coverage [Curbed]