Vornado Lets Go Of 866 United Nations Plaza In $200M Deal

Law360, New York (November 8, 2013, 6:42 PM EST) -- Vornado Realty Trust has agreed to sell a six-story office building near the United Nations in Manhattan for $200 million, the real estate investment trust announced Friday.

The REIT did not disclose the buyer of the 360,000 square foot building, which is located at 866 United Nations Plaza between East 48th and East 49th Streets near FDR Drive.

The sale will net Vornado proceeds of about $146 million after repaying existing debt and closing costs, putting the financial statement gain at around $128 million, according to...
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