Nontraded real estate investment trust New York City REIT has dropped nearly $88.8 million to purchase the entire commercial space at 196 Orchard St., the luxury condominium building that landlord Magnum Real Estate is developing on New York City’s Lower East Side.
NYC REIT Enters Lower East Side With $88.8 Million Retail Condo Buy
Firm Picks Up Space Leased by CVS, Marshalls and Equinox at Magnum’s 61-Unit Luxury Residential Project
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