Sources from New York stated that Chrysler Building, the art deco skyscraper that has been a key part of the New York City skyline for nearly 90 years, is up for sale. According to sources the building has been owned by Mubadala, an Abu Dhabi investment fund, and real estate firm Tishman Speyer since 2008.
Meanwhile they have hired CBRE Group to sell the property, according to Darcy Stacom, Chairman of CBRE's New York City capital markets group. Brian Lott, spokesperson for Mubadala, said on Wednesday "Clearly, it's an iconic building with tremendous reputation value for the right buyer". Furthermore when the building was completed in 1930, it was the tallest in the world, a title it held for about a year until the Empire State Building opened less than a mile away in midtown Manhattan.
Reportedly today it is only the sixth tallest building in the city and will drop down another notch later this year when a new office tower opens on the city's west side. Moreover it is still one of New York's most recognizable buildings and it is famous for its triangle shaped, vaulted windows worked into the stylized crown, along with its distinctive eagle gargoyles near the top.
