The Real Deal New York

Tribeca Holdings shopping marquee retail buildings worth hundreds of millions

Aidan Brooks’ firm marketing 867 Madison Ave, 504 Broadway and others
504 Broadway 857 Madison Aidan Brooks

From left: 504 Broadway in Soho, 857 Madison Avenue on the Upper East Side and Aidan Brooks

London-based investor Aidan Brooks has apparently decided now is the time to unload his portfolio of top-end retail properties.

The Irish investor, head of Tribeca Holdings, is looking to sell the Rhinelander Mansion at 867 Madison Avenue, home of the Ralph Lauren Polo flagship store; 504 Broadway in Soho, which houses a Bloomingdale’s; along with other properties, the New York Post reported.

Tribeca could get as much as $200 million for the 114,000-square-foot 504 Broadway, a source told the Post. Brooks’ firm bought it back in 2007 for $34.5 million.

The Rhinelander Mansion sale at 867 Madison Avenue is already in contract, the Post reported, citing a source familiar with the negotiations, though the buyer and price are unknown. Tribeca paid $80 million for it in 2005.

Brooks was buying properties as recently as April of land year, when he picked up the 14,000-square-foot 710 Madison Avenue, home of Graff Diamonds, for $70 million.

But by July of last year, he was selling, unloading the Hermes store at 692 Madison Avenue on the Upper East for $115 million to Ashkenazy Acquisition. [NYP]Ariel Stulberg