Carlos Slim in Contract for Fifth Avenue Building

Carlos Slim Helu, the richest man in the world, is in contract to buy an office building on Fifth Avenue,

Carlos Slim Helu, the richest man in the world, is in contract to buy an office building on Fifth Avenue, according to a source close to the transaction.

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Mr. Slim, the Mexican telecom billionaire and The New York Times‘ largest creditor, is in contract to buy the building, at 417 Fifth Avenue, for $140 million, or $343 a square foot, from Joseph Moinian and Goldman Sachs, which purchased the building for $250 million during the height of the real estate boom.

The sellers’ brokers at Cushman & Wakefield (CWK) declined to comment, as did a representative for Mr. Moinian.

drubinstein@observer.com

Carlos Slim in Contract for Fifth Avenue Building