Former Helmsley Building could hit market for $1.5B

If true, it would be one of the biggest office buildings offered this year

230 Park Avenue
230 Park Avenue

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.

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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