You are reading

LIC-Based Silvercup Studios Sold To Investment Group For $500m: Report

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.

email the author: [email protected]

4 Comments

Click for Comments 
ABoondy

they finally found a sucker to buy that dump. congrats! hopefully they can demolish that hideous eyesore of asign.

22
Reply
HA. OK.

Amazon is definitely a part of this.

Netflix got caught sleeping.

They should be putting their HQ in LIC.

4
1
Reply

Leave a Comment
Reply to this Comment

All comments are subject to moderation before being posted.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Recent News

Popular places where you can watch the Super Bowl in Queens

Feb. 2, 2023 By Tammy Scileppi

Hey, football fans! Game time is fast approaching, and across the city and here in Queens, you can feel the excitement brewing as the two teams prepare to take the field on Super Bowl Sunday, Feb. 12. So, kick back and watch the big game, and don’t miss Rihanna’s exciting performance during halftime. 

Borough president hears from community members on budget needs throughout Queens

During a two-day public hearing on the mayor’s 2024 preliminary budget, Queens Borough President Donovan Richards Jr. listened to testimonies from 14 community board representatives, community stakeholders and members of the public on where the money should be spent in Queens. 

The public hearings were held both in-person and via Zoom on Monday, Jan. 30, and Tuesday, Jan. 31, at Queens Borough Hall. The testimonials will be used to develop the Queens Borough Board’s FY24 preliminary budget priorities in the coming weeks. 

‘He didn’t deserve to die’: Borough President Richards leads emotional candlelight vigil for Tyre Nichols

Queens Borough President Donovan Richards held a candlelight vigil for Tyre Nichols outside Queens Borough Hall Monday, Jan. 30 after Nichols’ death at the hands of police officers in Memphis, Tenn., made national headlines for the brutality in which the officers beat him.

Almost immediately after news broke about Nichols’ death, the Memphis police officers who beat him to death were fired and charged with murder. The police department released the body cam footage of the fatal beating on Jan. 27, but many people, including some at the vigil, have refused to watch it due to its extremely graphic nature.

Op-Ed: This Year’s State Budget Must Prioritize Climate, Jobs, and Justice for New York

Op-Ed, Jan. 30, By Assemblymember Jessica González-Rojas

In a time of rampant economic inequality and environmental injustice, it is easy to feel defeated.  Here in Queens and across New York State, however, communities are organizing for a better future. New Yorkers from different backgrounds and with different lived experiences are proving that we can build community, organize, and create a future that reflects our shared values.