1540 Broadway office space now for sale alone
January 06, 2009 08:30AM
1540 Broadway
The Post reports that Deutsche Bank is no longer trying to sell Harry Macklowe's 1540 Broadway and Worldwide Plaza as a package, and is now in the process of selling the office space at 1540 Broadway. Sources say the office portion of the building, about 880,000 square feet, is being sold for $375 to $450 per square foot, although a contract has not been signed yet. The building, at 44th Street, also includes three condo units, retail space and a garage, owned by Vornado Realty Trust. About 160,000 square feet of the office space is vacant, and tenants include Viacom and several law firms. [Post]
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Comments
Anonymous
That's half of replacement cost!
Comment #1 Posted By: Anonymous 01/06/09
Anonymous
This is a watershed deal. It resets pricing for all commercial real estate in New York.
Comment #2 Posted By: Anonymous 01/06/09
Anonymous
Don't you just "love it"
Comment #3 Posted By: Anonymous 01/06/09
Anonymous
Replacement cost of what year?? Everything has to come down off the cliff we were...
Comment #4 Posted By: Anonymous 01/06/09
Anonymous
That's the price that can be financed I guess...
Comment #5 Posted By: Anonymous 01/06/09