clock menu more-arrow no yes mobile

Filed under:

Google May Buy Massive Chelsea Office Building for $2 Billion

New, 2 comments

Commercial real estate usually makes us slam the snooze button, but not today. The Post's Lois Weiss has some deets on a commercial deal we can actually get excited about: the rumored "tantalizing close to $2 billion" sale of 111 Eighth Avenue. And the buyer of the city's fourth-largest office building? Current tenant Google, which would be paying about $690/square foot for the 2.9 million-square-foot brick behemoth between 15th and 16th streets (a good deal compared to what the building might have fetched in 2007). It's unclear whether there's already a signed contract or if the deal is still in the works. But we don't think it's too early to welcome Google to the New York City real estate game.
· Google eyes purchase of 111 Eighth Ave. [NYP]
· 111 Eighth Avenue coverage [Curbed]