The Center for Fiction has sold its headquarters at 17 East 47th Street to Sun’s Acres LLC for $18 million. The nonprofit signed a short-term lease-back with the new owner and will remain at the property until it determines a new location.
“After spending 81 years in Midtown, The Center is relocating in order to better suit their programming needs and to accommodate their growing member base,” said Steven Zimmerman, associate director at Eastern Consolidated, who represented the seller, in a statement. “Their architecturally acclaimed building was in high demand, and we were able to achieve a sales price that reflects $1,000 per square foot.”
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