NEW YORK, Dec. 19, 2017 /PRNewswire/ — New York REIT, Inc. (NYSE: NYRT) (the “Company” or “NYRT”), which is liquidating and winding down pursuant to a plan of liquidation, announced that it has closed on the previously announced sale of its property located at 1440 Broadway in New York, New York for a total of $520.0 million to an unaffiliated third party. The 1440 Broadway property was encumbered by a $305.0 million mortgage loan which was fully satisfied at closing. After satisfaction of debt, pro-rations and closing costs, NYRT received net proceeds of approximately $192.9 million. The selling price is consistent with the Company’s last reported net assets in liquidation as of September 30, 2017.
Separately, the Company has a…
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