X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Sony, which had vacated the 850,000-square-foot building on Madison Avenue between 55th and 56th streets, paid rent to the Chetrit partnership until just last week. (AP Photo Credit: Rainmaker Photo/MediaPunch/IPX)

(Bloomberg) – Developers who planned to convert Manhattan’s Sony Building into ultra-luxury condominiums, including a $150 million listing, agreed to sell the tower for more than $1.4 billion, according to person with knowledge of the deal.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.