New York REIT sells another asset
New York REIT has entered into a contract to sell its property located at 333 West 34th St., a 10-story, 350,000-square-foot property in New York for $255 million to real estate funds managed by Brookfield.
The closing is expected to occur prior to year-end.
The sale is part of its efforts of liquidating and winding down pursuant to a plan of liquidation.
Recently, the REIT sold the office at 1440 Broadway to CIM Group Acquisitions for $520 million. The office totals 762,383 square feet, spanning up 25 stories.
