Amidst talk of all the legal dust-ups at new Hell's Kitchen condo building The 505 came word that the first closing in the West 47th Street building has taken place. Now, that same trailblazer is already listed for rent by its purchaser. The 840-square-foot 1BR, 1BA sold for $855,000 and is asking for $3,800/month in rent. Any takers? Just try not to get caught in the cross-fire. [Halstead]
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