Deal sheet    Single Deal
1540 Broadway|Sales|02/20/2009
  • Event Sales
  • Address 1540 Broadway
  • Square feet 905,533
  • Price $ 355,000,000
  • Price per foot $ 392.03
  • Borough Manhattan
  • Neighborhood Times Square
  • Publication Date 04/01/2009
A majority condo interest in the 44-story office building sold at an estimated price of about $355 million, or $392 per square foot. The tower is the sixth building to sell from the $7 billion portfolio Harry Macklowe purchased from Equity Office Properties in 2007. Macklowe was forced to surrender the properties after he defaulted on his debt to lender Deutsche Bank, which put the seven buildings up for sale. Worldwide Plaza at 825 Eighth Avenue is the package's only property that remains on the market.