Commercial real estate crash: NYC office to sell at 67% discount
Empire Capital Holdings and Namdar Realty Group agreed to purchase the property at 321 W. 44th St. for less than $50 million.
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Empire Capital Holdings and Namdar Realty Group agreed to purchase the property at 321 W. 44th St. for less than $50 million.
Empire Capital and Namdar Realty are purchasing the property for less than $50 million, a steep discount from the nearly $153 million it last sold for in 2018.
A NEW York City office building owned by a Related Cos affiliate is set to be sold at a steep discount.
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