The 48-story, 2.5 million-square-foot tower at 1633 Broadway is the largest and longest-owned asset in Paramount Group’s 15-property office portfolio. And in the difficult economic environment caused by coronavirus, the building has also proven to be a source of much-needed cash. In April, Paramount announced the sale of a 10 percent stake in the building to an unnamed institutional investor, netting proceeds of about $114 million in a deal that valued the property at $2.4
source https://therealdeal.com/2020/06/29/trd-insights-the-rents-at-paramount-groups-1633-broadway/
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