By Roland Li
A mixed-used building at 101 Seventh Avenue has been sold for $56.66 million, according to city records.
The sellers were Treger Realty LLC and Tandem NY Properties LLC, entities controlled by Brooklyn-based United Management Co., along with 75 West 190 LLC. Officials at United Management didn’t return a request for comment.
The buyer was Equity One, Inc., a real estate investment trust with headquarters in Florida. Officials at Equity One weren’t available for comment.
According to PropertyShark, the property, also known as 157-163 West 16 St, is 19 stories and was built in 1930. According to StreetEasy, it has four floors of commercial space, including a Loehmann’s apparel store, and 155 residential units. Recent apartment sales in the building have ranged from $499,000 to $1.99 million.
The building’s original terracotta details, including gargoyles, have been restored, and additional renovations are occurring at the roof deck, passenger elevators and lobby.
