The Real Deal New York

Former Helmsley Building could hit market for $1.5B

If true, it would be one of the biggest office buildings offered this year
September 03, 2014 06:00PM

Rumor has it that 230 Park Avenue might be for sale soon.

The Park Avenue landmark — long known as the Helmsley building, after its former owner Harry Helmsley — might hit the market for $1.5 billion, according to Crain’s.

If the property hits the market, it would be one of the largest office buildings for sale this year.

A partnership between Monday Poperties, Invesco and South Korea’s National Pension Service owns the building, which received a LEED-Gold certification from the U.S. Buildings Council recently. [Crain’s] — Claire Moses