NEW YORK — An Abu Dhabi investment fund has bought a 75 percent stake in the Chrysler Building, one of the best-known landmarks on the New York skyline. The Abu Dhabi Investment Council closed the sale with Prudential Financial Inc. on Tuesday, Prudential spokeswoman Theresa Miller said Wednesday.
Miller wouldn’t disclose the sale price, which many published reports placed at $800 million. Prudential held its stake in the building on behalf of a fund of primarily German investors that had closed in the past couple of years, she said.
The 1,046-foot Chrysler Building briefly became the world’s tallest tower when it opened in 1930, until the Empire State Building topped it by more than 300 feet when it was completed a year later.
The Associated Press; AP file photo
