A downtown Manhattan office building has sold for $49.8 million and its new owner, a subsidiary of Izaki Group Investments USA, has ambitious plans to convert it into luxury condos. The deal closed on Tuesday.
The 165,000-square-foot building, at 335-337 Broadway and marketed as 93 Worth St., is expected to be fully vacant by the end of November. And the condo conversion plans, which have been filed with the New York state Attorney General's office, is expected to be approved before the end of the year, said Eldad Blaustein, CEO of the Izaki Group.
Crain's first reported the sale of 93 Worth St. in June
Read more: http://www.crainsnewyork.com/article/20111005/REAL_ESTATE/111009951#ixzz1ZxPF6IEf
The 165,000-square-foot building, at 335-337 Broadway and marketed as 93 Worth St., is expected to be fully vacant by the end of November. And the condo conversion plans, which have been filed with the New York state Attorney General's office, is expected to be approved before the end of the year, said Eldad Blaustein, CEO of the Izaki Group.
Crain's first reported the sale of 93 Worth St. in June
Read more: http://www.crainsnewyork.com/article/20111005/REAL_ESTATE/111009951#ixzz1ZxPF6IEf
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