Goldman Properties is looking to sell its portfolio of mixed-use buildings in the historic Stone Street District in FiDi.
The late Tony Goldman – an early Soho investor credited with helping transform ugly duckling neighborhoods in New York and Florida – first acquired the properties at 52 and 53-55 Stone Street in the early 90s.
The company he founded in 1968 is now looking to sell the trio of properties as it focuses its growth in the Miami market.
“Thanks to legendary historic preservationist and visionary Tony Goldman, and landmark protections declaring the Stone Street Historic District, Stone Street is a pedestrian-only walkway lined with lively bars and restaurants that have preserved much of its history,” said Marc Palermo of Douglas Elliman, who, along with colleague Louis Puopolo, has been tapped to sell the portfolio with a list price of $20.75 million.
Palermo added, “Now more than ever, the demand for outdoor dining has never been higher. Having solidified its place as a staple for outdoor dining in New York City, the chance to purchase these buildings presents one of the most unique mixed-used real estate opportunities on the market.”
The portfolio includes 52 Stone Street, home of the famous Stone Street Tavern, and 53-55 Stone Street where the retail is currently occupied by Revolution taco spot and the Underdog gastropub.
All classic examples of Dutch Revival, the three elevator buildings together offer 10 free-market two-bedroom and three-bedroom loft rental residences and three operating restaurants. Collectively, they total 22,852 s/f.
According to Palermo, “The right buyer would be either an owner-operator who wants to operate their own restaurant in an exciting neighborhood, or an investor looking to own trophy boutique properties downtown and possibly convert the residences to condominiums above, while maintaining income from the retail below.”
Tony Goldman is credited with helping once downtrodden neighborhoods in New York and Miami with his eye for historic preservation.
He rehabilitated properties across Lower Manhattan, renovating 18 buildings, creating permanent art installations and opening restaurants to attract young people to the neighborhood.
In the mid-1980s, he turned his eye to Miami, where he was inspired to breath new life into neglected Art Deco buildings along Miami Beach, helping lead a transformation that would ultimately turn Ocean Beach into a global hot spot.