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NYC Rental Building Sells For $98M In 'Groundbreaking' Deal

By Kaitlin Ugolik (June 27, 2012, 2:45 PM EDT) -- A subsidiary of the Massachusetts Mutual Life Insurance Co. has purchased a 140-unit apartment building on Manhattan's Upper West Side from Rambleside Holdings LLC for an unprecedented $98 million, or about $850 per square foot, a person familiar with the transaction said Wednesday....

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