New York City's Church Missions House, an elaborate six-story Flemish-Renaissance landmarked building at 281 Park Avenue South, is in contract for north of $50 million, The Real Deal has learned.

Sources said that a prominent Italian family — two sources identified them as the Garzoni family — beat out New York-based players such as Aby Rosen's RFR Realty to land the deal, and is expected to convert the building into boutique condominiums with retail at the base.

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Source: http://therealdeal.com