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.
This is 135 W 50th St in NYC.
In 2006, this building sold for $332 million.
Yesterday it sold for $8.5 million at auction. pic.twitter.com/Z895g90hnQ
— John Pompliano (@JohnPompliano) August 1, 2024
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/
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