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New York

521-533 West 57th St. sells for $110 million

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Townsend Capital has sold 521-533 West 57th Street, which is between 10th and 11th avenues, to Joseph Friedland for $110 million, at a rate of $265 per square foot. International Flavors and Fragrances and CBS Inc. are the principal tenants in the 415,000-square-foot building. more [NYO]