Source: Crain’s

Former Gov. Eliot Spitzer’s real estate firm has sold three sites in Hudson Yards to the Related Cos.

Related has purchased 511 W. 35th St., 506 W. 36th St. and 512 W. 36th St. from Spitzer Enterprises for $77 million, property records show. Spitzer’s firm had purchased the sites in 2013 for $88 million, and it will retain an 0.1% interest in them, as Related is technically purchasing a 99.9% ownership interest stake, according to the deed.

The properties were vacant land when Spitzer purchased them and are currently used as parking facilities, according to city records.

Representatives for Related declined to comment, and representatives for Spitzer did not respond to a request for comment.

Related and Atria Senior Living announced in February 2020 that they had partnered with Spitzer and Welltower on an upscale senior citizen housing project at 451 10th Ave., right by the sites Related purchased. The project, which is separate from the sale Related and Spitzer just made, is expected to be completed next year, the firms stated at the time.

There have been several major investment deals in Manhattan this week, including SL Green selling its office property at 590 Fifth Ave. to the Hematian family for $103 million, billionaire Pittsburgh Penguins co-owner Ron Burkle taking control of the American Stock Exchange Building for $155 million, and Ray and Jack Yadidi selling their Midtown South office building at 44 W. 37th St. to entrepreneurs Jack Ezon and Sion Betesh for $49 million.