One of Manhattan’s rare independent television studio properties has changed hands.  ABS Partners Real Estate has purchased a 75-year ground lease for 515 West 57th Street for $17.25 million, according to public records. The seller is All Mobile Video, a studio and production company. The lease allows ABS the first right to purchase.  ABS has subleased the space back to All Mobile Video for four years. Randy Modell, a partner at ABS, and Steven Hornstock, a founder at the company, said they’re thinking about redevelopment opportunities for after the lease expires. Modell said the lot is zoned for 105,000 buildable […]

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