Two years after it was first put up for sale, the Hersch family finally found a buyer for one of Sydney's landmark commercial building, the City Ford site in Woolloomooloo.

The Art Deco-style building at 75 Crown Street, occupied by Ford as a multi-storey showroom between 1938 and 2012, was bought by Sydney fund manager Centennial Property Group for more than $100 million on a yield of about 5 per cent.