Hudson Square commercial building trades hands for $21.3 million

TRD New York /
Dec.December 11, 2012 03:00 PM

Updated at 6:21 p.m. with comments from David Zar

A 14,700-square-foot property located at 92 Vandam Street in the Hudson Square area has traded hands for $21.3 million, according to city public records filed today. The six-story building was constructed around 1910, PropertyShark shows, and contains five commercial units.

The seller listed on the deed is Sandro La Ferla, who appears to have owned the property since 1988. Reached by phone, La Ferla declined comment. The purchaser is listed as 92 Vandam Partners LLC. The property “has tremendous air rights,” Zar Properties NY’s David Zar said in an email. “[The] buyer can quadruple the size of the building.”

PropertyShark shows that the building is zoned in an M1-6 district, meaning that space inside an industrial property can be converted into residences as long as a specified amount of floor area is preserved for commercial use.

As previously reported, the Department of City Planning allowed for residential development in Hudson Square this summer. But the rezoning must undergo a land-use review process.

Streeteasy.com does not show a listing for the property.


Related Articles

arrow_forward_ios
(Image by Wolfgang & Hite via Dezeen)

Hudson Yards megadevelopment inspires a new line of sex toys

Cammeby's International Group founder Rubin Schron and, from top: 194-05 67th Avenue, 189-15 73rd Avenue and 64-05 186th Lane (Credit: Google Maps)

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio

Wendy Silverstein (Credit: Getty Images)

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out

Cristiano Moura (Credit: Christie’s Real Estate and iStock)

Viral Instagram post leads to arrest, assault charge for former Christie’s agent

Amazon CEO Jeff Bezos and Hudson Yards (Credit: Getty Images and Wikipedia)

Amazon takes big new office space near Hudson Yards

A&E Real Estate Holdings principal Douglas Eisenberg and the properties (Credit: The Rego Park 18 Portfolio)

Deutsche Bank provided A&E $97M in financing for big Rego Park buy

Billy Macklowe and Key Food at 120 Fifth Avenue in Brooklyn (Credit: Getty Images and Google Maps)

Billy Macklowe looking to break into Brooklyn

From left: Daniel Shirazi, and Robert Khodadadian, with 530 West 25th Street

Feil Organization buys Chelsea office building for $72M

arrow_forward_ios