An Office Tower Sold for $8.5 Million. It Was Once Worth 40 Times That.
The sale price of 135 West 50th Street in Midtown, which is only 35 percent full, was a sign of how much the pandemic upended the market for office buildings in New York City. [Source]
Publication Date:Origin: nytimes.com
Category: Real Estate (Commercial)
Topics: buildings, office, market, upended, pandemic, percent, which, Midtown, Street, price, Times, Worth, Million, Tower, Office
Source: https://www.nytimes.com/2024/08/01/nyregion/manhattan-office-building-auction.html