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New York's Chrysler Building put up for sale

IANS  |  New York 

Building, the skyscraper that has been a key part of the city for nearly 90 years, is up for sale.

The building has been owned by Mubadala, an Abu Dhabi investment fund, and firm since 2008, reported.

They have hired to sell the property, according to Darcy Stacom, of CBRE's City group.

"Clearly, it's an iconic building with tremendous reputational value for the right buyer," Brian Lott, for Mubadala, said on Wednesday.

When the building was completed in 1930, it was the tallest in the world, a title it held for about a year until the opened less than a mile away in midtown

Today it is only the sixth tallest building in the city and will drop down another notch later this year when a new office tower opens on the city's west side.

But it is still one of New York's most recognizable buildings.

It is famous for its triangle-shaped, vaulted windows worked into the stylised crown, along with its distinctive eagle gargoyles near the top.

--IANS

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, January 10 2019. 14:46 IST
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