NEW YORK CITY-The Sapir Organization has disposed of one of its last remaining properties in Manhattan for an amount of $11.5 million. The billionaire had acquired the eight-story building located at 35th Street and Fifth Avenue for an undisclosed price in 1992.
A David Z. shoes is currently occupying space in the retail space and the lease will expire in 2016. Family Forever, an LLC enrolled to Mandarin Plaza at 376 Broadway, is the buyer.For the full story, go to New York Observer.
GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.
© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.