The Real Deal New York

Hidary Brothers’ Hidrock pays $34 million for Garment District lots

January 08, 2013 12:30PM

59 West 36th Street

Hidrock Realty, which has been asserting itself of late in the Manhattan hotel market,  has paid $28.5 million for a parking lot in the Garment District, the New York Observer reported.

The seller of the property, an 8,690-square-foot parking lot at 59 West 36th Street, was identified as David Bell, principal at Houston,Texas-based Bell Slesinger. Current zoning allows the buyer to build up to 86,900 square feet at the site, according to PropertyShark.

City records show that Hidrock also purchased an adjacent, 2,123-square-foot lot at 62 West 37th Street for $5.9 million.

The firm, run by the Hidary brothers, is behind the 173-room Marriott Springhill Suites nearby at 25 West 37th Street, which is slated to open in the first quarter of 201. And the  firm partnered with hotel investor Robert Finvarb on a $100 million, 320-room hotel at 133 Greenwich Street in the Financial District.  [NYO]  – Hiten Samtani

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