World’s Most Expensive Office Now Somewhat Less Expensive

World’s Most Expensive Office Now Somewhat Less Expensive

The market for literally palatial office space does not appear to have recovered.

Take poor Zimmer Lucas Capital, a New York hedge fund that bought itself a five-story West 54th Street townhouse—formerly owned by a Lehman brother—in 2005. In May, ZLC listed the place for $ 65 million, or almost $ 4,000 per square foot. But with no takers seven months later, it’s looking for bargain hunters.

First listed for $ 65 million in May, the price on the five-story townhouse just dropped by $ 15 million, Curbed reports. But at just over $ 3,000 per square foot, it would still blow away the current Manhattan record for office space, which is $ 1,600 per square foot.

On the other hand, it certainly is something to look at.

A Hedge Fund Is Selling The World’s Most Expensive Office Space For $ 49.9 Million [BI]
World’s Most Expensive Office Chops Price by $ 15 Million [Curbed]
World’s Most Expensive Home Office Available for $ 65M [Curbed]


Leave a Reply

Your email address will not be published. Required fields are marked *