David Slaven has sold the King of Soho just two years after acquiring the landmarked building.
Mr. Slaven’s Red Brick Properties recently unloaded 72-76 Greene Street for $28.15 million, according to city records. Mr. Slaven purchased the 45,000-square-foot property in September 2005 for $23.5 million with the intention of converting it into condos.
Ben Gattie, a partner at Red Brick, told The Observer that the buyer is Bear USA, Inc., the family-owned cold weather gear wholesaler.
The property, built in the late 1800's, is known as the King of Soho because of the huge Corinthian columns that greet passers-by.
“It is a terrific landmarked building,” Debarah Gutoff of Eastern Consolidated told The Observer. “I know that it has been vacated for condos for sometime, but I am not sure what the new buyer’s plans are.”
Calls to Bear USA, Inc. were not immediately returned.
Red Brick Properties has sold a number of its properties in the neighborhood in recent years, including 32-34 Greene Street. The company is now focusing primarily on its 11-story condominium project at 482 Greenwich Street, according to Mr. Gattie.