NYC office tower sold at 60% discount, reflecting commercial real estate meltdown.

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David Werner has struck a deal to pay more than $100 million for a FiDi office building, which could be another resi-conversion play.

The investor is in contract to buy the late 1960s-era 100 Wall Street for about $115 million from Barings, sources told The Real Deal.

Werner, who recently teamed up with office-to-resi conversion king Nathan Berman on the former Pfizer headquarters in Midtown, could convert the Wall Street tower into apartments. His plans were not immediately clear.

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Representatives for Werner and Barings did not immediately respond to requests for comment. A Newmark team led by Adam Spies and Josh King negotiated the sale on behalf of Barings.

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