138 Ludlow St. features 27 rental apartments and ground floor retail. 138 Ludlow St. features 27 rental apartments and ground floor retail.

NEW YORK CITY—Locally-based Delshah Capital has acquired a storied six-story walkup property on the Lower East Side from Trikupa Realty, a Florida-based real estate investment firm, for $18.9 million.

Delshah Capital reports it plans to embark on a capital improvement program at the 138 Ludlow St. property that currently features 27 rental apartments and retail space on the ground floor. The  circa early 1900s property includes one, two, and three-bedroom layouts, and two tenants currently occupy the retail space.

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