Those pushing for a Garment District makeover will be pleased to know that a commercial building in the neighborhood sold for $48.6 million?over $18 million more than its last sale just 18 months ago. American Realty Capital New York Recovery REIT Inc. bought the building, at 256 West 38th Street, and the broker noted that the area is "steadily transforming from fashion to a diversified mix of industries including tech, media, finance and professional services." [NYP; previously]
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