UPDATED, March 17, 3:51 p.m.: Sicis, a high-end Italian jeweler and mosaic tile manufacturer, acquired a five-story NoMad office building for $22.1 million, according to property records filed with the city today.
The 11,350-square-foot property at 240 Fifth Avenue, located between West 27th and 28th streets in the Madison Square North Historic District, last sold in 2012 for $7.7 million. Private investor Paul Zheng is believed to be the seller.
The townhouse is expected to serve as a venue for art exhibitions, storage space and “think tank” to “nest and build the brand,” according to a spokesperson for Sicis.
Bianca USA Real Estate, the real estate investment arm of Sicis, made the purchase. Peter Weisman of the Lansco Corporation represented Sicis in the deal. He declined to comment.