$24M Blatt Billiards deal signals end of an era

TRD New York /
Aug.August 01, 2013 03:30 PM

The Blatt Billiards loft building in Union Square — one of the last relics of the area’s manufacturing past — is set to trade hands for $24 million, underscoring the neighborhood’s shift to a hothouse for startup technology and media firms.

Blatt Billiards, a pool table manufacturer, has owned its six-story headquarters at 809 Broadway between 11th and 12th streets since 1972, city property records show, but was a tenant at the location before then. It has been manufacturing in New York City since 1923.

The company, through principals Ronald Blatt and Bruce Roeder, inked a deal in May to sell the property. The closing is set for Jan. 2, 2014. The buyer was identified only as 809 Broadway Associates.

The 23,152-square-foot building includes an additional 7,045 square feet of air rights, data from PropertyShark show.

Joseph Berko, a president of Berko & Associates, represented the buyer and seller in the deal, a representative from the brokerage firm said. He declined to comment.

The building is in a manufacturing zone and would have to get a variance from the city to allow a residential use, insiders said.

Blatt declined to comment.

The company is relocating its manufacturing to New Jersey and expects to purchase a building in Hell’s Kitchen which it will use as a showroom, several industry insiders said.


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

Fathom Holdings CEO Joshua Harley (Credit: Fathom)

Virtual brokerage Fathom Holdings files for IPO

From left: Bond New York's Noah Freedman, Caliber's Levi Adir, Shai Gruber and Bond New York's Bruno Ricciotti (Credit: Caliber)

Bond New York snaps up 56-agent Midtown firm

Governor Andrew Cuomo (Credit: Getty Images)

Cuomo makes prevailing wage pitch in proposed 2021 budget

Fairway Market (Credit: Getty Images)

Fairway says it isn’t shutting down, despite reports

The Wing CEO Audrey Gelman, WeWork co-CEO Artie Minson, and Teem CEO Shaun Ritchie (Credit: Getty Images, WX Summit)

WeWork offloads stake in the Wing and software startup

arrow_forward_ios
Loading...