Halstead Property
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John Goldman
Managing Director of Commercial Division
jgoldman@halstead.com
(212) 381-2203
Landmark American Bank Note Building Goes For 18M
A Chinese investment and construction firm has picked up the Financial District's landmark American Bank Note Building for $18 million, the Wall Street Journal reported. The property, at 70 Broad Street, sold for far below its asking price and had been marketed to both residential and commercial users. Brown Harris Stevens' Danielle Grossenbacher had once asked $45 million for what she said could be a 15,218-square-foot mansion for a Wall Street mogul. Stanley Conway, formerly of Halstead Property, meanwhile, shared the listing and reached out to commercial users. The buyer will, in fact, use the space as its headquarters, with both office space and three upstairs apartments for executives. The final asking price was $25.5 million. [WSJ]
Wednesday, December 22, 2010