Chetrit, Yadidi close on $110 million sale of Diamond District building
The Chetrits and Yadidi purchased the 18-story, 120,790-square-foot property for $62.5 million in 2012 and have been looking to shed it for several years. The delay could have been pandemic-related, but it’s not certain and the owners would not confirm. They had also listed another property for sale nearby in 2017: 22 W. 48th St. They hoped to score between $190 million and $200 million for both of them, which are mostly leased up by jewelers. Another building in the glittery district was put on the market for $113 million in October. The 12-story property at 576 Fifth. Ave. is run by Sev...
Source: crainsnewyork.com