Manhattan’s Art Deco skyscraper The Chrysler Building is seeking a new owner after being put on the market for an undisclosed sum.
According to Reuters, the 77-storey Midtown landmark – completed by architect William Van Alen in 1930 – has an 80% occupancy rate, which is below the city’s average. However, Amazon is said to be close to signing a lease for 10,000 sq ft of the building.
The commercial property is currently 90% owned by the Abu Dhabi Investment Council, which reportedly bought its share for $800m in 2008 and is now looking to offload the structure.
The Chrysler Building was briefly the tallest skyscraper in the world and clocks in at 1.26m sq ft. It was given an extensive restoration in 1997. Brokerage CBRE Group Inc has been appointed to handle the sale.