Offices in N.Y. Garment District for Sale From: Real Estate Alert | Date: August 12, 1996 | COPYRIGHT 1996 Harrison Scott Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group.Copyright information

A partnership led by developers Harry Helmsley and Peter Malkin is offering an 811,000-square-foot office building in Manhattan's depressed Garment District.

The 24-story building, at 498 Seventh Avenue, is about 45% vacant. Because the partnership, Garment Capitol Associates, is eager to sell, it will likely accept the best offer it receives, rather than set an asking price. People familiar with the property said it could sell for $60 to $85 a square foot ($49 million to $6...

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