NEW YORK CITY-RFR Realty LLC’s 17 State St. is on the market for sale and expected to fetch between $430 million and $470 million, has learned. Brokers Richard Baxter, Jon Caplan, Ron Cohen and Scott Latham of Cushman & Wakefield’s Capital Markets group will be handling the sale on behalf of the owner. Baxter tells that RFR has owned the building for 10 years and it is the end of their investment term for this property.

Baxter notes that the building is expected to sell between $750 and $850 per sf. He adds that although the building just started marketing, several foreign buyers have indicated strong interest. “Several domestic funds and pensions fund advisors are also looking into buying it.”

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