Buying a Landmark Takes Cash, Patience
Associated Press
NEW YORK —
The Empire State Building is for sale. But, even if you can come up with the money, do not bother calling the movers for a while.
A complex lease agreement will prevent the new owner from taking control of the property until 2076, the New York Times reported Monday. The 102-story building’s current owner, Prudential Life Insurance Co. of America, has set a sale price of $45 million to $50 million, the paper said.
The Empire State Building was opened in 1931 and for four decades was the tallest building in the world.
