Chrysler Building New York, Architect, NYC Art Deco Skyscraper Sale, Date, Tower Height, Address
Chrysler Building New York : Architecture
Famous Manhattan High Rise, 405 Lexington Avenue, Midtown, NY, USA – American Thirties Art Deco Tower
Jan 10, 2019
Chrysler Building Sale
The world-famous Chrysler Building on Lexington Avenue, built in 1930 to a design by Architect William Van Alen, is up for sale for the first time in over 20 years.
Location: 405 Lexington Avenue / 42nd Street – east of Grand Central Terminal
Chrysler Building in New York City on Sale
According to the Wall Street Journal, the Art Deco office tower?s current owners, Abu Dhabi Investment Council, which owns 90% of the property, and city developer Tishman Speyer, officially placed it on the market this week. The sales price for this stainless steel-clad building?s value has yet to be announced, but the property is unlikely to attract more than its asking price prior to the recession.
A view of Manhattan’s Chrysler Building at night from above – 8 exposures combined to maximize range and detail:

photo © Joe Lekas
Tishman Speyer bought the Chrysler Building in 1997, spending over $100 million in facility upgrades on the historic structure as well as two other buildings.
The Abu Dhabi government group (sovereign wealth fund) claimed a stake in the property in 2008 for $800 million. Since then, such foreign investment and supposed stability in the property have sparked interest f...