Let’s hear it for Billionaire’s Row! The latest big trade on the rarified strip is the Argonaut Building at 224 West 57th St. The Labanese firm M1 sold the 10-story, 170k SF building to Eretz Group for a cool $214M, after picking it up for $85M in 2010 and putting $50M into improvements, The Real Deal reports. It’s got a rarity for a building of its vintage: an underground parking garage with 20 spots. Less rare, but still a value-add: two retail condos on the ground floor. [TRD]
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