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

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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.

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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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