By Roland Li

DelShah Capital, LLC has purchased a mixed-use building at 1356 First Avenue for $9 million, according to city records. The building, at the corner of East 73rd Street, has a retail space occupied by Italian eatery Petaluma Restaurant and 26 one-bedroom condos. The transaction was complicated by the building’s conversion into a condominium, despite being operated as a rental. As a result, DelShah had to close on each individual condo unit.

By Liana Grey
Sperry Top-Sider, a vendor of high-end boat shoes for men and women, is opening its first Manhattan shop in the Flatiron District this fall. Laura Pomerantz and Betty Ende of PBS Reality Advisors helped Sperry secure a 5,000 s/f storefront at 103 Fifth Avenue, a prewar loft building near 18th Street. The space, which spans the building’s ground floor and basement, was listed at $275 per s/f. Jason Pruger and Kate Cohen of Newmark Knight Frank’s retail division represented 103 Fifth’s landlord, Harlington Realty.