Building Sale

Chelsea Building Housing Cafeteria Restaurant Trades [Updated]

119-125 Seventh Avenue

The Chelsea building where the once uber-cool Cafeteria has been located since 1998 has sold for $35.6 million. The deal closed yesterday.

The sellers of 161-165 West 17th Street, also known as 119 Seventh Avenue, are the Spector family and partners, who have owned the mixed-use property for 47 years. The buyers are Albert and Robert Gilardian of the Manhattan-based Gilar GroupRead More

Sales Beat

New Year’s Eve Sale: Gilar Group Acquires 2410-2418 Broadway for $47 Million

2410-2418 Broadway, aka 214-218 West 89th Street

Albert and Robert Gilardian, of The Gilar Group, acquired 2410-2418 Broadway for $47 million. The transaction closed prior to the New Year and the seller, M.E. & A Realty Co., was motivated in part by concerns over the looming hikes in capital gains taxes and fiscal cliff concerns, according to a release prepared by Eastern Consolidated, which represented the seller in collaboration with Besen & AssociatesRead More