Levi Leviev Sells Famous Manhattan Skyscaper

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One of New York City’s most recognizable buildings has been sold by Chabad magnate Levi Leviev’s Africa Israel Investments for $165 million.

Following the sale, the company announced its $86.3 million take from the transaction would come after payment of over $68 million worth of debt on the building, and fees associated with the deal.

Africa Israel Investments bought the building for $202 million, in 2007. Following global market crashes at the end of the same year, the company became tied up in significant debt.

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Posted by on Tuesday, January 17th, 2012. Filed under Jewish News. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.