Silvera Properties, a Hamptons homebuilder, has purchased a collection of three Tribeca buildings for $24.5 million, according to sources familiar with the deal.
The seller is Transit Trading Corporation, a spices importer that has owned 198 West Broadway since the 1970s and has since vacated the property.
David Silvera’s firm intends to do a residential conversion on the property, and the current tenants have already left, according to sources familiar with the deal. The buildings cannot be demolished because they are part of the Tribeca West Historic District.
Transit Trading Corporation and Silvera did not respond to requests for comment.