Commercial Real Estate Implosion – Office Building in NYC sold in 2006 for $332 million, just sold for $8.5 million

by
Sharing is Caring!

The building at 135 W 50th St in NYC did indeed sell for $332 million in 2006. Recently, it was sold at auction for $8.5 million. This significant drop in price is notable, especially considering the building’s history and previous value.The implications of this total collapse of the Commercial Real Estate market are staggering.

See also  'It'll upend the community': PA town roiled by talk of migrant housing in Civil War-era orphanage building

See also  American walking through a high-volume street in Osaka, Japan and there at least forty bikes out here unlocked and unattended.

Sources:

therealdeal.com/new-york/2024/08/01/midtown-tower-sells-online-for-8-5-million/

www.propertyshark.com/mason/Property/15373/135-W-50-St-New-York-NY-10020/

Views: 885

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.