Vornado Acquires Plaza District Site at 3 East 54th Street for $141M

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Vornado Realty Trust acquired 3 East 54th Street in Manhattan’s Plaza District for $141 million, reflecting a $107 million mortgage credit, on a demolition-ready 18,400 square-foot site zoned for 232,500 buildable square feet. The purchase complements Vornado’s adjacent holdings near Fifth and Madison Avenues.

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