Aging NYC office building shows how to succeed despite trend toward shiny new towers

Let’s say you own a 60-year-old, near-900,000 square-foot Midtown office building. Demand for space in Midcentury buildings is weak.  A half-billion-dollar mortgage payment is coming up. Do you: Scramble to refinance when lenders are getting cold feet? Complain to the New York Times that it’s the worst season for property owners since the Biblical floods? If...

  Business   Aug 12, 2024   0   10  Add to Reading List
Aging NYC office building shows how to succeed despite trend toward shiny new towers

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Advertise on doacWeb

WhatsApp: 09031633831

To reach more people from NGN1,000 now!

INCREASE YOUR SALES WITH NGN1,000 TODAY!

Advertise on doacWeb

WhatsApp: 09031633831

To reach more people from NGN1,000 now!

Let’s say you own a 60-year-old, near-900,000 square-foot Midtown office building. Demand for space in Midcentury buildings is weak.  A half-billion-dollar mortgage payment is coming up. Do you: Scramble to refinance when lenders are getting cold feet? Complain to the New York Times that it’s the worst season for property owners since the Biblical floods? If...
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