Disaster for immomarkt: Chrysler Building sold for ‘nothing’

The Chrysler Building is one of the most famous landmarks of Manhattan. The building stood since the beginning of this year to purchase and of the hand have gone for 150 million dollars, or 133 million euro. Nothing: in 2008 paid to the government of Abu Dhabi almost 710 million euro at Tishman Speyer and a German investment fund for a share of 90 percent in the tower.

The ‘sky’ is clearly no longer the ‘limit’, not even for world-famous skyscrapers in one of the most expensive cities in the world, the Big Apple. The current buyers are RFR Realty of Aby Rosen and Signa Holding, an Austrian immogigant. They paid significantly less than expected. That has to do with the special sale-lease-formula. The land on which the Chrysler Building stands, is owned by Cooper Union. The annual rental is recently huge increase of 6,87 million euro last year to a whopping 28.8 million euros this year. At 2028 is still increased to 36.3 million euros. The prices for the lease of office space does not follow in the same proportion.

The extremely low sale price is not independent of, but is “a disaster for the immobiliënverkoop, even if you take into account that huurgedoe of the ground,” says a makelaarsadvocaat that have nothing to do with the offer on the Chrysler Building has to do with the New York Post . “The building has its problems, but is far from disastrous. It is not like thirty years ago, when the inside of a real mess.”