{"id":12898,"date":"2016-03-12T01:40:59","date_gmt":"2016-03-12T06:40:59","guid":{"rendered":"https:\/\/thatdope.com\/travel\/goldman-sachs-to-buy-230-park-avenue-for-1-15-bln\/"},"modified":"2016-03-12T01:40:59","modified_gmt":"2016-03-12T06:40:59","slug":"goldman-sachs-to-buy-230-park-avenue-for-1-15-bln","status":"publish","type":"post","link":"https:\/\/thatdope.com\/travel\/goldman-sachs-to-buy-230-park-avenue-for-1-15-bln\/","title":{"rendered":"Goldman Sachs To Buy 230 Park Avenue For $1.15 Bln"},"content":{"rendered":"

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Goldman Sachs Group have just bought 230 Park Avenue, New York for $1.15 billion from a property investment fund owned by Dubai\u2019s government.<\/p>\n

Istithmar World Real Estate sold the property to Goldman\u2019s Whitehall Fund and Monday Properties, the Dubai-based company.<\/p>\n

The 172-meter tall 230 Park Avenue building, also known as the Helmsley Building and having 35 floors, originally served as headquarters of the New York Central railroad companies.

Istithmar had acquired the building in November 2005 for $705 million.<\/p>\n

This isn\u2019t the first one sold by Istithmar, as just last month they sold 280 Park Avenue for US$1.35 billion.<\/p>\n

Although they weren\u2019t keen on selling these two prime properties so soon, the chairman had quoted, \u201cmarket conditions created an unusual opportunity.\u201d<\/p>\n

\"230<\/p>\n<\/p><\/div>\n

Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Goldman Sachs Group have just bought 230 Park Avenue, New York for $1.15 billion from a property investment fund owned by Dubai\u2019s government. Istithmar World Real Estate sold the property to Goldman\u2019s Whitehall Fund and Monday Properties, the Dubai-based company. The 172-meter tall 230 Park Avenue building, also known as the Helmsley Building and having 35 floors, originally served as headquarters of the New York Central railroad companies.Istithmar had acquired the building in November 2005 for $705 million. 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