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Mixed-Use Upper West Side Building Sells to Terra Developers for $28M
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Commercial Observer
Brooklyn-based Terra Developers has made a $28 million residential redevelopment play for 500 Columbus Avenue on Manhattan’s Upper West Side.
The 35,300-square-foot mixed-use building was sold to Terra by longtime owner CKMR Corporation, formerly Sloan’s Supermarkets, according to property records filed Friday.
The property rises five stories at the northwest corner of West 84th Street and Columbus Avenue, just one block west of Central Park.
The building at 500 Columbus Avenue was last sold in the 1970s to an entity of Sloan’s Supermarkets, founded by the Sloan and Meyer families.
Additional retail tenants at 500 Columbus Avenue include Park West Laundromat and a shoe repair shop.