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BlackRock Buys Park Avenue Apt. Bldg. for $211M

Plaza District Rental Property Fetches $1.45 Million Per Unit
By Wura Adeoye
July 27, 2007 | 5:56 P.M.

In a rare find, the joint venture of BlackRock Realty Advisors Inc. and Northbrook Partners acquired the 145-unit multifamily building at 530 Park Ave. in Manhattan from Katz Park Avenue Corp. for $211 million, or about $1.45 million per unit.

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