Gatsby Enterprises is snapping up a 66,000-square-foot office building in Midtown for $50 million, banking on significantly higher rents as existing leases expire in the next few years. Seller Valeray Real Estate Company’s 17-story office building at 56 West 45th Street is fully leased, Crain’s reported. However, 60 percent of the space is due to become vacant in the next three years, which could allow the new owner to hike up rents. Much of the … [more]