New York - An attorney for a high-profile New York City real-estate mogul has made a $2B offer to buy the Empire State Building in a letter sent to the firm currently controlling the national landmark.
The REAL DEAL is reporting that, in a letter sent to the controlling firm Malkin Holdings on Tuesday, Stephen Meister, an attorney representing Rubin Schron and Cammeby’s International, said Schron is offering to put down a $50M non-refundable deposit upon receipt of a signed agreement, and hopes to close within 90 days.
Schron also pitched a a re-structuring option that would allow current owners to retain partial ownership of the building.
The proposal comes on the heels of a vote last month which saw a required 80% of the tower’s current investors approve the creation of a publicly traded trust for it and 20 other buildings.
Some reports estimate the tower’s worth at as much as $2.5B.