J&R Music Owners Sell 15 Park Row To Atlas Capital Group
15 Park Row (Google Maps) A half-empty apartment building near City Hall has traded hands at a major discount, in an indication of how the pandemic has impacted rental property values. Joe and Rachelle Friedman, the owners of the iconic but now-defunct J&R Music World, sold the 31-story apartment building at 15 Park Row — once the tallest building in the world — to investor Atlas Capital Group for about $140 million, sources familiar with the transaction told The Real Deal. The property includes the retail space that for years served as home for J&R, as well as 330 rental apartments. Rou...
Source: therealdeal.com