Joseph Chetrit and David Bistricer have closed on the 46-story, 289-room Flatotel property at 135 West 52nd Street for $180 million, Crain’s reported. A conversion into high-end residential condominiums is in the cards for the building, which had been recently foreclosed upon by a Rockpoint Group, Atlas Capital Group and Procaccianti Group venture. Bistricer told Crain’s that the condo units would likely hit the market in 18 months. As previously reported, Chetrit and Bistricer are [more]
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