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Silverstein Sells Midtown Office Building for $108M
Silverstein Properties recently sold a 20-story mixed-use office building in Midtown to Empire Capital Holdings for $107.6 million, Crain’s New York Business reported.
Located at 529 Fifth Ave, the property was originally purchased by a Silverstein-affiliated limited liability company in 2006 for $150 million. Built in 1958 and renovated in 2016, the building was 72% leased at the time of sale. Key tenants include SDC Designs and the International Federation of Accountants.
Empire Capital’s acquisition follows its recent purchase of a mixed-use midrise in the Diamond District.
- ◦Sale/Acquisition
