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Chrysler Building in Manhattan


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The Chrysler Building is an Art Deco-style skyscraper located on the East Side of Midtown Manhattan in New York City, at the intersection of 42nd Street and Lexington Avenue in the Turtle Bay neighborhood of Manhattan. At 1,046 feet (318.9 m), the structure was the world's tallest building for 11 months before it was surpassed by the Empire State Building in 1931.[5][12] It is the tallest brick building in the world with a steel structure. As of 2015, the Chrysler is the fifth-tallest building in the city.[13]

Originally a project of real estate developer and former New York State Senator William H. Reynolds, the structure was built by Walter Chrysler, the head of the Chrysler Corporation. The Chrysler Building's construction was characterized by a competition with 40 Wall Street and the Empire State Building to become the world's tallest building. The building served as the corporation's headquarters from 1930 until the mid-1950s. Although the building was built and designed specifically for the car manufacturer, the corporation did not pay for its construction and never owned it, as Walter P. Chrysler decided to pay for it himself, so that his children could inherit it.

Upon opening, there were mixed reviews of the building's design, ranging from inane and unoriginal to modernist and iconic. However, the Chrysler Building has slowly evolved into a paragon of the Art Deco architectural style, and in 2007, it was ranked ninth on the List of America's Favorite Architecture by the American Institute of Architects.

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At one point, it was the world's tallest structure.


The current owners: An Abu Dhabi wealth fund and Tishman Speyer, a New York developer.

The price: It's really hard to estimate, the WSJ reported, but there's no guarantee the sale will fetch $800 million, which the Abu Dhabi fund paid for 90% of the property just over a decade ago.

Selling points: The Chrysler's Building ripe old age is both a blessing and a curse. It's got that "vintage" appeal some companies look for in an office space...but pre-war buildings are a headache to maintain.

It won't be the first Manhattan treasure to change hands in the last few years, though.

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