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.