An office building in New York City, owned by an affiliate of Related Companies, is set to be sold at a steep discount.
Empire Capital Holdings and Namdar Realty Group have agreed to purchase the property at 321 W. 44th St. for under $50 million, according to sources familiar with the matter who requested anonymity due to the private nature of the information. This sale represents approximately a 67% discount from the nearly $153 million that Related Fund Management paid for the building in 2018.
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