New York REIT to Sell NYC Office Tower for $255M

The agreement to sell the 345,000-square-foot building at 333 W. 34th St. to Brookfield marks yet another step forward in the REIT’s plan of liquidation.

New York REIT Inc. continues its stockholder-approved liquidation program with a contract to sell 333 W. 34th St., a 345,000-square-foot office building in Midtown Manhattan. The REIT will sell the asset to real estate funds managed by Brookfield, pocketing $255 million on the deal.

“To date, excluding Worldwide Plaza and 1440 Broadway, we have sold assets with a gross sales price of $805 million and repaid $517 million of debt,” Wendy Silverstein, president & CEO of New York REIT Inc., said during the company’s third quarter earnings call on November 9, the same day the sale of 333 W. 34th was announced…

New York REIT to Sell NYC Office Tower for $255M


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