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NEW YORK CITY-HH Realty Equities, a New York-based owner and developer purchased 246 Fifth Ave for $19 million on Auction.com. Reportedly featuring air rights of 24,601 square feet, the 32,049-square-foot office building was marketed by Newmark Grubb Knight Frank‘s capital markets team of senior managing directors David Noonan, Jennifer Schwartzman and managing director Paul Gojkovich.

A total of 281 investors signed confidentiality agreements to review the offering materials, reports auction.com. The auction had 12 registered bidders who each placed a $50,000 fully refundable deposit for the right to bid.

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