Manhattan apartments sell at major profit

Developer more than doubles return on investment
Published on Aug 3, 2007

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by CareyBot

Boymelgreen Developers has closed on the sale of 323 West 96th Street, a luxury rental building on Manhattan’s Upper West Side, resulting in a profit of $40 million. The 15-story, 171,988-square-foot building and the property’s 99-year ground lease were sold ...