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Landlords cash out amid Manhattan property boom

Published Sun, Aug 23, 2015 · 09:50 PM
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New York

MANHATTAN property owners are cashing out ahead of schedule.

With New York real estate values and rents surging, owners of commercial properties acquired as recently as a year ago are already seeking buyers. In the case of one Midtown site, the developer scrapped construction plans to sell an empty plot of land.

There's so much buyer demand that in so…

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