Tin’s 109 Ludlow Street Lease Secures 10-Year Deal on LES
Tin’s 109 Ludlow Street lease marks a major step for SH NY Hospitality Group as it brings a 10-year bao restaurant and cocktail bar concept to Manhattan’s Lower East Side. The deal highlights the group’s continued investment in New York’s dining scene.
SH NY Hospitality Group has signed a 10-year lease to open Tin’s, a hybrid Sheng Jian Bao restaurant and cocktail bar, in 3,600 square feet on the ground floor, lower level and sub-lower level of 109 Ludlow Street, according to tenant broker Lee & Associates NYC. Asking rent was $200 per square foot.
Tin’s will use the ground floor as a Sheng Jian Bao restaurant serving pan-fried crispy soup dumplings, while the lower level will serve as a cocktail bar and the sub-lower level will be a private bar, according to Lee.
The six-story building between Delancey and Rivington streets is owned by Mordehy Haber, who bought 109-111 Ludlow Street in April 2023 for $8.8 million, property records show.