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Old Posted Aug 1, 2024, 8:05 PM
DCReid DCReid is online now
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This 23-Floor Manhattan Office Building Just Sold at a 97.5% Discount

Can it be demolished and redeveloped into mixed use?

NEW YORK — In 2006, the hulking office building at 135 W. 50th St. in midtown Manhattan sold for $332 million. Tenants occupied nearly every floor; offices were in demand; real estate was booming.

On Wednesday, it changed hands again, in an unusual online auction — for $8.5 million...

https://www.yahoo.com/news/23-floor-manhattan-office-building-174757219.html
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