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Media Company Seeks $30 Million for 120-Year-Old Property
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Dreams do come true, especially if you’re a developer whose dream is to own a 120-year-old castle on the Upper West Side.
The Walt Disney Company, which is consolidating its offices in its new Hudson Square headquarters, will sell the iconic First Battery Armory building on the Upper West Side. The media firm is seeking about $30 million for the fortress-style assets at 56 West 66th Street, the resources told The Real Deal.
The building has been used as a television studio since 1973 and currently houses ESPN. It underwent an initial renovation in 2010 and the interior is built in a high-end style hidden beneath the exterior of neo-Renaissance architecture.
“This iconic asset is ideal for users to continually use as a broadcast area or to convert into residences, townhomes, event venues, social clubs, art galleries, educational/non-profit use, diplomatic/government building, dining venue, and other artistic venues. uses. Read the property’s marketing materials.
A Disney spokesperson did not respond to a request for comment.
David Schechtman of Meridian Investment Sales and Will Silverman of Eastdil Secured are in charge of the listing. Deputies declined to comment.
The three-storey building and 43,000 plants can be vacated.
Disney is consolidating its offices across the city into its new 1. 3 million-square-foot construction at 4 Hudson Square, which is nearing completion. The company would move ESPN’s Seaport studio there until 2025.
The Armory Building component of ABC’s large campus on the Upper West Side, which Disney acquired when it bought the broadcasting company in 1996.
When Disney bought 21st Century Fox in 2019, the company had a lot of redundant real estate scattered around Manhattan. It had to move forward with a new headquarters in Hudson Square and began selling off parts of the Upper West Side’s ABC campus, selling much of it to Silverstein Properties for $1. 2 billion.
The Armory construction sits alongside a progression owned by Gary Barnett’s Extell Development, which bought the assets last year from Silverstein for $931 million.