Sept. 25, 2020 Staff Report
A real estate investment group has signed a contract to buy Silvercup Studios for $500 million, according to the Wall Street Journal.
The group led by Hackman Capital Partners, a Los Angeles-based real-estate investor and operator, signed a contract to buy the studios and the accompanying real estate, the outlet reported Wednesday.
Silvercup is known as the site where “Sex and the City,” “The Sopranos” and “30 Rock” were filmed.
The company is owned by brothers Stuart and Alan Suna, both high-profile businessmen in Long Island City who are known for sponsoring and donating to local events. Alan Suna is on the board of the Long Island City Partnership.
It is not clear whether the Sunas will retain a minority stake in the studios as part of the deal.
The company has a total of 19 studios at its 42-22 22nd St. and 34-02 Starr Ave. locations in Long Island City. It also has a production facility in the Bronx that has been in operation as Silvercup North since 2016. It houses four studios there.
The company opened its first location in 1983 in a former flour silo of the Silvercup Bakery.
Silvercup Studios is now New York City’s largest film and television production studio. Other production facilities in New York include Steiner Studios, Kaufman Astoria Studios and Broadway Stages.
The company was not immediately available for a response.