18 Gramercy Park South
The Salvation Army has sold a 17-story former hotel at 18 Gramercy Park South for $60 million, according to Curbed, after using the building for 45 years as a residence for young women. The organization had shuttered the 83,000-square-foot building in 2008, after which point rumors circulated about a possible luxury condo conversion for the building. The property was purchased, however, by Eastgate Realty, an office building developer. No word yet on how the building will be used by its new owner. [Curbed]