Not all big-ticket New York real estate deals these days are fire sales. The Related Companies has an agreement to sell its Union Square apartment building for about $200 million to a firm representing an overseas buyer, sources familiar with the transaction told The Real Deal. The contract pricing for the residential component of One Union Square South works out to a capitalization rate in the low 4 percent area. That figure represents aggressive pricing
source https://therealdeal.com/2020/06/05/related-selling-union-square-high-rise-for-200m/
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