The NY Post reported that Rabbi Joshua Metzger has signed a contract to pay $40 million for the 12-story, 60,000-square-foot building at 509 Fifth Ave., in the middle of the block between East 42nd and 43rd streets, which is occupied by Metzger’s nonprofit Chai Foundation and Chabad Lubavitch of Midtown.

According to the Post, the signing will put a stop to several law suits which have been filed with the NY Supreme Court over the purchase of 509 Fifth.

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