US EditionDavid Werner Flips 300 East 42nd Street to CSC Real Estate
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David Werner Flips 300 East 42nd Street to CSC Real Estate
CSC Real Estate has bought the office portion of 300 East 42nd Street from David Werner and plans to convert most of it to 135 rental apartments, sources told Commercial Observer. Werner had only recently agreed to buy the building for $52 million from the lender, Fortress Investment Group, and may have flipped it for the same amount, sources said. Led by brothers Sal and Alberto Smeke, CSC intends to use New York’s new 467m program for the con…
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