On the market

Is the Hudson Hotel on the block? Morgans Group mulls $440M sale

Morgans Hotel Group could be putting the Hudson Hotel up for sale. A sale is one option that could boost Morgans’ stock price, interim CEO Jason Taubman Kalisman told shareholders recently. The group expects that the Ian Schrager–designed hotel at 356 West 58th Street would go for about $440 million, the New York Post reported. Morgans may also offload Miami’s Delano South Beach hotel for roughly $200 million. The company’s new board has not decided whether to sell the properties, the Post said. If Morgans did sell, the proceeds would likely be used to pay off convertible debt held by Ron Burkle, who has feuded with Kalisman for months and pushed to sell the company. Last year, Kalisman considered selling the Delano to buy out Burkle.

Gotham seeks $168M for 30 Broad Street

Gotham Realty is quietly hunting for a buyer for its Downtown office building at 30 Broad Street — and is hoping to get up to $400 a foot, or $168 million, for the 420,000-square-foot tower, a source told The Real Deal. Boston-based real estate investors Beacon Capital Partners and another potential buyer expressed interest but didn’t bite, the source said. The 46-story Class B tower is just under 90 percent leased, according to CoStar Group data. Gotham bought it from Murray Hill Properties in 2006 for $99 million, or about $236 per square foot, according to CoStar.

Long Island City Holiday Inn hits market

The 136-room Holiday Inn Manhattan View in Long Island City, Queens, is on the market for $59 million. Developer Queens Plaza North opened the 13-story property at 39-05 29th Street in early 2009. Initially planned as a luxury hotel, the project switched gears during the financial crisis, and entered a 10-year franchise deal with Holiday Inn. That will be up in five years, enabling the potential buyer to expand or revamp the hotel. “You will have the opportunity to rebrand it, perhaps as an independent boutique,” Marion Jones, an Eastern Consolidated broker who is marketing the hotel with Adelaide Polsinelli, Gary Meese and Jason Marin, told Crain’s. The hotel operates at roughly 86 percent capacity and includes a ground-floor restaurant.

Damaged Lower East Side building asks $36M

A four-story Lower East Side building that formerly housed the Action for Progress day care center is back on the market for $36 million. Landlord Samy Mahfar’s property at 255 East Houston Street, also known as 171 Suffolk Street, was badly damaged when a building next door was demolished in 2010. The day care center was forced to leave. The building did not sell when it was listed with Cushman & Wakefield the next year. Massey Knakal Realty Services brokers Darragh Clarke, Michael DeCheser and Mei Ling Wong have the listing this time around, Bowery Boogie reported. The site is zoned for 70,000 square feet of residential development. A 14-story mixed-use building is planned for next door. Mahfar paid $7.7 million for the land.

Former Sixteenth Street Synagogue for sale

The 15,368-square-foot building at 3 West 16th Street — a renovated and unoccupied six-story property that boasts four luxury residential units and one commercial unit, which was formerly home to the Sixteenth Street Synagogue — hit the market for $30 million. Developer and building owner Jack Braha is handling the marketing himself. The synagogue was evicted last year from the roughly 1,500 square feet of ground-level retail. Braha said he’s in advanced talks with a tenant for this space: a national chain of high-end spa treatment centers looking to expand in New York, though he declined to reveal the specifics.