This 23-Floor Manhattan Office Building Just Sold at a 97.5% Discount

In 2006, the hulking office building at 135 West 50th Street in Midtown Manhattan sold for $332 million. Tenants occupied nearly every floor; offices were in demand; real estate was booming. On Wednesday, it changed hands again, in an unusual online auction — for $8.5 million. The staggeringly low …

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This 23-Floor Manhattan Office Building Just Sold at a 97.5% Discount

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