Big deals on tap for SoHo
The off-market sale of 309 W. 57th St., by Columbus Circle, has closed for $42.5 million.
Sam Schneider and Daniel Glaser of Imperium Capital, along with Barry Rudofsky’s Bronstein Properties, bought the 75,000 square-foot building with 102 apartments. “We’re pretty excited about it,” said Rudofsky.
Once the home of Media South Studios, where folks like Frank Sinatra and Jimi Hendrix laid down tracks, the retail space became the Bar Bat. The current 13,700 square-foot Providence NYC club and event space has a lease for another seven years.
The deal includes four buildings, four sets of unsold co-op shares and the David Associates management business. “We will continue with the third-party management team,” added Rudofsky.