The 77-story landmarked building contains more than 1.26 million-square-feet and has been long been regarded as an international symbol of New York City. The Chrysler Building is conveniently located in Midtown East with direct access to Grand Central Terminal and five subway lines.

1 day ago · The eviction caps a long saga for the Chrysler Building since RFR took control in 2019. RFR bought the Art Deco skyscraper from Tishman Speyer and the Abu Dhabi Investment Council for $151 million, a shockingly low sale price because the property was saddled with an onerous ground lease. Copper Union has owned the land underneath the 77-story ...

R&S Chrysler LLC (RFR), ground lessee since 2019, stopped making monthly ground lease payments on the Chrysler Building to The Cooper Union. As a result of their nonpayment, they are in default of the ground lease agreement, and we issued a …

1 day ago · Losing the Chrysler Building is the latest bad news for RFR. Lenders and city agencies have sued the developer for missed loan and tax payments at 17 State St., 522 Fifth Ave. and 90 Fifth Ave.

1 day ago · RFR’s ground lease at the Chrysler Building, the 77-story art deco skyscraper in Midtown Manhattan, has been terminated after New York State Supreme Court Justice Jennifer Schecter ruled in ...

Sep 27, 2024 · RFR filed a lawsuit on Thursday to stave off an eviction attempt by the school, PincusCo reported. RFR and partner Signa Holding GmbH bought the ground lease for the building and neighboring...

Sep 27, 2024 · RFR purchased the Chrysler Building at 405 Lexington Avenue with joint venture partner Signa Holding in 2019 for $151 million, a $650 million loss for the seller at the time, largely thanks to the onerous ground lease on the project.

Dec 19, 2024 · It’s easy to see why the Chrysler Building was irresistible to Aby Rosen. The flamboyant German émigré who heads up real-estate firm RFR Holding is clearly drawn to gorgeous has-beens.

1 day ago · RFR agreed to pay $32 million a year in rent with plans to renovate the building, even proposing turning it into a hotel and adding an observation deck. When the cost of the lease became too much ...

Sep 30, 2024 · A partnership led by RFR Holding has held the ground lease to the Chrysler Building for the past five years, but it stopped making rent payments after May, according to Cooper Union, the...