UBS auctions Midtown Manhattan office at $8 per SF, highlighting NYC real estate struggles

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It’s quite an unusual move! Swiss bank UBS, along with its brokers at JLL, has listed a nearly 1 million-square-foot Midtown office building at 135 West 50th Street for sale on the online auction platform Ten-X. Here are the key details:

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This move underscores the challenges faced by commercial real estate in NYC.


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