Midtown Update: Anyone Can Buy a Piece of the Empire State Building Now…

Did you ever want to own a piece of a 102-story New York skyscraper?  Now you can!  On Monday, the owners of the Empire State Building filed documents with the Securities and Exchange Commission in order to offer shares in the building to raise $1 billion.  This figure is not final, and it is unclear as of yet how much the price per share will be.  Just imagine… If you buy stock in the building, and you’re ever watching King Kong, you have a great conversation piece and may even be able to brag about how you own a piece of the Empire State Building (something you never thought you’d be able to say).

 

The Empire State Building was purchased from Donal Trump by real estate investor Peter Malkin approximately 10 years ago for $57.5 million.  You could read more about this on the Wall Street Journal: http://online.wsj.com/article/APa0d7dd45edc0472587d88ef9b1605707.html

 

Let New York Squared know if you are interested in purchasing your very own building (but something a little bit smaller than the Empire State Building please).