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Chrysler Building Sold For Cheap Price

Video Credit: Wochit Business - Duration: 00:37s - Published < > Embed
Chrysler Building Sold For Cheap Price

Chrysler Building Sold For Cheap Price

New York (CNN Business)The Chrysler Building, the famous art deco New York skyscraper, will be sold for a small fraction of its previous sales price.

The deal, first reported by the Wall Street Journal Friday, was for $150 million, according to a source familiar with the deal.

Mubadala, an Abu Dhabi investment fund, purchased 90% of the building for $800 million in 2008.

Real estate firm Tishman Speyer had owned the other 10%.

The buyer is RFR Holdings, a New York real estate company.

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Chrysler Building Sold For Cheap Price

MAY 14, 2015 FILE PHOTO




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