Maxim's Home Sells for $170 M.

A $170 million deal for 1040 Sixth Avenue became official today, with Orin Wilf’s Skyline Developers scooping up the 256,000-square-foot building that houses Dennis Publishing, publisher of Maxim and The Week magazines.

Skyline has said it could build a hotel or a residential building on the site just south of Bryant Park, which includes a neighboring lot. Mr. Wilf finalized the deal this summer, when he bought the property from a private family listed on the deed as Rosenthal Associates.