The art-deco Chrysler Building in New York City, one of the world's most recognisable skyscrapers, has gone up for sale for an undisclosed price.
Designed by American architect William Van Alen, the Chrysler Building is being sold by current owners Abu Dhabi Investment Council, which purchased the tower in 2008 for $800 million.
The sovereign wealth fund of the United Arab Emirates' government is selling the Midtown Manhattan office building alongside real-estate company Tishman Speyer, as reported by the Wall Street Journal.
Asking price currently unknown
The sale of the historic building will be marketed by commercial real-estate services and investment firm CBRE, which has declined to make the asking price public.
The total figure will be tied to the lease of the land it sits on, at the corner of 42nd Street and Lexington Avenue, which is owned by the Cooper Union. The school raised the annual fee for the site from $7.75 million to $32.5 million in 2017, according to Bloomberg.
The Chrysler Building's future use is currently uncertain. Recent reports suggest that Amazon is nearing a deal to lease a portion of the space, while architecture critic Paul Goldberger suggested that it could be ripe for conversion into residential units.
This approach, he said on Twitter, would be similar to that used at the Woolworth Building in the Financial District, which the Chrysler Building surpassed in height to become the world's tallest (a title it lost shortly afterwards to the E...