NEW YORK CITY—The Park Avenue Tower at 65 E. 55th St. is under contract for $750 million, according to the New York Post. Sources familiar with the transaction confirm the Post report identifying the Blackstone Group as the buyer.

The hefty price translates to $1,280 per square foot for the building’s 585,563 square feet — or $1,210 per square foot once Blackstone uses the newly re-measured 619,631 feet.

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