In the latest sign New York’s pummeled office market is still attractive to investors, a redeveloped building near Hudson Yards on Manhattan’s West Side sold for just over $1 billion. The sellers are calling it the first 10-figure completed sale in New York and the nation's second-biggest since the pandemic.
Redeveloped Building Near Hudson Yards Touted As New York’s First Completed Billion-Dollar Sale in Pandemic
Building Serves As Model for Adaptive Reuse of Obsolete Property, Developer Says
By Andria Cheng
CoStar News
December 20, 2021 | 10:31 P.M.
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IN THIS ARTICLE
- Properties
- One Manhattan West
1 Manhattan West, New York, NY
- Hudson Commons
441 Ninth Ave, New York, NY
- Companies
- Cove Property Group
Construction
- Baupost Group LLC
Finance and Insurance
- CommonWealth Partners
Real Estate