Author: Janna Herron / Source: USA TODAY
A famous New York City Skyscraper might be up for sale. Buzz60’s Mercer Morrison has the story. Buzz60
One of New York’s most recognizable skyscrapers is reportedly selling for a song.
RFR Holding LLC, a New York real-estate firm led by Aby Rosen, and the Austrian real-estate firm Signa Holding GmbH is buying the Chrysler Building for $150 million, according to reports from Reuters, The Wall Street Journal and The Real Deal, citing unnamed sources knowledgeable of the deal.
The sum is 81-percent less than the $800 million the seller – Abu Dhabi Investment Council – paid in 2008 for a 90-percent stake in the art-deco tower. Commercial property values in New York plummeted soon after as the financial crisis struck.
The owners put the building on the market in January.
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