NEW YORK | Chrysler Building & Related News

New York
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It’s that ground lease. Nothing makes financial sense for this building and they can’t tear it down.

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Taken on 8/26/24

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I am guilty of posting this previously as well.

https://i.giphy.com/media/v1.Y2lkPTc5MGI3NjExdXQ1dm5tY3RlMDExOHY1NzN3N2pkZmI3aHRrb3lxbjI3NTRkcThscSZlcD12MV9pbnRlcm5hbF9naWZfYnlfaWQmY3Q9Zw/OkySq6kNjBuDceB7sR/giphy.gif(image larger than 4 MB)

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Taken on October 12, 2024

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Taken on November 6, 2024

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Hotel sounds like a good fit.

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This building is so iconic, I think anything ultra high end would be successful here. So yes either hotel or residential. If residential I think the units would sell out instantly. A penthouse taking up the entire crown, I think they could basically ask anything for it lol.

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mixed use building with a museum, restaurants, shops, and either luxury condos at the top or a exclusive club for the wealthy so everyone has a piece of this iconic building

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It is now illegal in NY to offer condo sales on leased land. They would have to be either coop or rentals.

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I thought there was some legislation signed into law by the governor last year that rectified the situation…