Commercial Observer Hiwin Group USA has paid $21 million, or $763.22/sf, for the 27,515-square-foot retail building at 240 West 54th St. in midtown Manhattan and is planning to convert it into apartments. The Queens, N.Y., developer acquired the property from Minerva 54 Realty of Mamaroneck, N.Y. The building had housed Iguana New York, a dance […]

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