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NYC's Stuyvesant Town said to be for sale with Blackstone weighing bid

80-acre property may change hands for more than record US$5.4b paid near market peak in 2006

New York

MANHATTAN's Stuyvesant Town-Peter Cooper Village apartment complex is being prepared for a sale, five years after its prior owners defaulted on the mortgage and walked away from the property in one of the biggest collapses from the last decade's real estate boom.