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NYC Real Estate Moves Big
Description
Big moves are shaking up NYC real estate: a $50M Williamsburg package—featuring a 38K sq ft condo, 70K sq ft warehouse, and vacant land—sold to Norworth Holdings. Meanwhile, a Tribeca condo sold for $5.4M (below purchase price), and a Brooklyn Heights co-op changed hands for $5.1M off-market. Brokers feel the squeeze as residential deals dwindle amid fierce competition.
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