Slate Property Group LLC, China Vanke Co. Ltd. and Adam America Group divested the Rivington House building in New York City's Lower East Side neighborhood to an unnamed buyer for $159.6 million, The Real Deal reported, citing property records filed with the city.
The partners bought the 150,000-square-foot property at 45 Rivington St. for $116 million in 2016 with plans to convert it into 102 residential condominiums. It was not clear how much progress had been made on the conversion of the former nursing home property, the publication added.
Representatives for Slate and its partners could not be reached immediately for comment, according to the Sept. 18 report.
