Another new office project could soon be coming to rezoned Midtown East. GDS Development is in talks to acquire the 100-plus-year-old co-op building at 417 Park Avenue for about $200 million, Crain’s reported, citing several sources. The proceeds from a sale of the 28-unit building would come out to about $7 million per apartment. CBRE has been marketing the 13-story property at the corner of East 55th Street for several months. Under the rezoning, GDS […]
source https://therealdeal.com/2019/06/04/gds-in-talks-to-buy-midtown-east-co-op-for-200m-in-office-conversion-play/
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