50 Murray & 53 Park

50 Murray Street and 53 Park Place are two mixed-use adjoined parcels with multi-level retail and 504 high-end residential rental units. In 2000, The Sapir Organization leased the entire property to World Wide Group and later converted the units to high-end rentals. In 2014, The Sapir Organization repurchased the ground lease for $231M and assumed full control of the properties. This was followed by a full sale of the fee interest to Clipper Equity later that year for $559M.