Deal sheet    Single Deal
421 Eighth Avenue|Sales|03/22/2007
  • Event Sales
  • Building Name Farley Post Office
  • Address 421 Eighth Avenue
  • Square feet 1,500,000
  • Price $ 230,000,000
  • Price per foot $ 153.33
  • Borough Manhattan
  • Neighborhood Penn Plaza
  • Publication Date 05/01/2007
  • Deal Date 03/22/2007
  • Party 1 United States Postal Service
  • Party 2 Empire State Development Corp.
notes
The state bought the post office for $230 million in the first step of the development of Moynihan Station. The Port Authority of New York and New Jersey paid $140 million of the acquisition.
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