Back in November, we first reported on the ODA-designed conversion of the Blatt Billiards building at 809 Broadway.
The $24 million sale of the five-story building between East 11th and 12th streets closed on February 13th, showing up in city records today, the New York Observer reported.
The buyer, identified by The Real Deal as IDM Capital, plans to add 10 stories to the existing structure, creating a 15-story mixed-use project. There will be offices on the second through eighth levels, with just three apartments on top — a full-floor unit, a duplex and a triplex. The development will include private storage, bike storage, an exercise room, dog-washing room and sauna, according to the (disapproved) plan exam application filed October 2013.
Joe Berko, founder and president of Berko & Associates, represented both sides in the deal. The condominiums will be priced at more than $2,500 a square foot, Berko told the Observer.
Earlier this month, we took a stroll ‘n snap around notable conversions in the neighborhood, and 809 Broadway was one of them. Go look, before construction starts on the project.