Extell continues to sell off the 14 Ring Portfolio properties that it bought in 2013. The latest sale is 331 Park Avenue South, which MetroLoft purchased for $39.5 million and will likely convert to condos, with floor-through apartments. MetroLoft also bought 114 East 25th Street from Extell, and is taking that residential as well. The "crown jewel" of the portfolio, 212 Fifth Avenue, went to Joe Sit and is also becoming condos. [TRD; previously]
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