--- In [email protected], "Rick Archer" <r...@...> wrote: > > http://therealdeal.com/newyork/articles/peace-palace-at-70-broad-street-buil > t-by-american-bank-note-company-for-sale-for-45-million-by-global-country-of > -world-peace >
The location is fantastic and the building is lovely. The TMO just finished major , major interior renovations about a year ago and the place sparkles - they cleaned the stone facade. In general the real estate market in Manhattan is weak - down 20%. BUt perhaps that location and price range is unaffected. I am guessing that they are selling because the TMO feels the mortgage payments are too high and the building is too big for their needs. I wonder if they will even have a space in New YOrk City after this sells.
