The mythical New York Chrysler Building will be sold $ 150 million – Chrysler Building Agreement



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Chrysler Building Case

Chrysler Building Case

The owners of the Chrysler building have reached an agreement to sell the iconic New York building at "just over $ 150 million," the Wall Street Journal reported Saturday.

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AFP

Art deco masterpiece

Art deco masterpiece

Downtown Manhattan Tower Sale Price, Considered Art Deco Masterpiece, Significant Loss for Emirati Investment Company Mubadala, Paying $ 800 Million for a 90% stake in 2008.

The Tishman Speyer real estate group, which had purchased the building for $ 210 million to $ 250 million in 1997, had retained a 10% interest.

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AFP

The owners do not have the floor

The owners do not have the floor

According to the Journal, the owners of the building do not own the land and pay an annual rent that has increased from $ 7.75 million to $ 32 million in 2018 and is expected to increase to $ 41 million. 2028.

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AFP

Returned

Returned

Quoting brokers, the newspaper said that these fees "have nibbled much, if not all, of the income from the building."

The building also has some 37,000 square meters of vacant space or will become in the coming years, the Journal added.

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Reuters

Fallen

Fallen

The Chrysler Building, which opened in 1930, is 1,046 feet (319 meters) tall. It was the tallest building in the world, but only for eleven months, after which it was dethroned by the Empire State Building, also in Manhattan.

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AP

Walter Chrysler

Walter Chrysler

The building was a personal project of Walter Chrysler, founder of the automaker that bears his name, but which remained separate from the auto sector.

Text of the AFP

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Reuters


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