Moinian: Moinian Group parts with Midtown building for $10.5M

One of the country's most prolific developers has offloaded a Midtown property for just over $10 million, according to a deed that appeared in the city register Thursday.The Moinian Group, headquartered in Columbus Circle, sold 236 W. 54th St. for $10.5 million, records show, as part of a rather unusual deal for a firm that's typically focused on development from the ground up.Founder Joseph Moinian signed the deed transfer himself. The firm did not respond to a request for comment about why it parted ways with a comparatively small part of its otherwise massive portfolio.The buyer of the 2-story building between Broadway and Eighth Avenue - which for more than a decade has been occupied by Boston-themed sports bar the Three Monkeys and a comedy club, Sheba's Speakeasy, on the second floor - is a Flushing-based limited liability company named after the address. Kevin Kerveng Tung, an attorney who appears to have represented the buyer, did not return a request for comment.It's unclear what the buyer has in store for the Midtown property; attempts to reach the LLC were unsuccessful. But the Red Sox-aligned pub closed its doors last week as a result of the sale, according to a post on Instagram. It plans to open in a new location. It's not clear whether the comedy club is also closed or has plans to move. Owner and comedian Sheba Mason did not return a request for comment.Founded in 1982 by Joseph Moinian, the Moinian Group has amassed a portfolio that includes more than 20 million square feet of real estate across every type of asset throughout the country. One of its high-profile developments includes the Sky, a 71-story luxury rental building at 605 W. 42nd St., where a one-bedroom is currently listed for $5,175, according to its website.