N.Y. office tower sold for condo project

Site will feature luxury units, retail space
Published on Sep 26, 2005

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by CareyBot

New York City-based Belfonti Capital Partners, in partnership with The Carlyle Group, has purchased a 185,000-square-foot office tower in Manhattan. The value of the transaction was $88 million. Tri-Realty Management Corp. sold the property, located at 485 Fifth Ave. The ...