Standard Oil Up For Grabs! $262.5 Million?

9:39 AM October 10, 2006
|  Tags:

[NYC-Architecture.com; NYU.edu] Crain's has big news this afternoon: The old Koeppel family is selling the 31-story Standard Oil Building, built by John D. Rockefeller at Broadway and Beaver Street in 1922 and 1923.
The asking price for 26 Broadway has not been revealed, but downtown office buildings are selling at an average of $350 a square foot, or $262.5 million for the 750,000 square foot office tower.

Not bad for a masterpiece of limestone-clad capitalism.

- Max Abelson
  • del.icio.us
  • Digg
  • Reddit
  • Newsvine
  • Google
  • Yahoo
  • Technorati
  • Facebook
  • Stumble Upon
  • Netvibes
  • Windows Live

Comments
Post a comment

Post a comment

The content of this field is kept private
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
  • Allowed HTML tags: <a> <em> <strong> <cite> <code> <ul> <ol> <li> <dl> <dt> <dd><br> <p> <i> <b> <embed> <img> <blockquote> <span> <strikethrough> <u>
  • Use <!--pagebreak--> to create page breaks.

More information about formatting options

By checking this box you are giving permission for Observer staff to contact you to obtain contact information and permissions required for publication.