Standard Oil Up For Grabs! $262.5 Million?

 Standard Oil Up For Grabs! $262.5 Million?
[NYC-Architecture.com; NYU.edu]

Crain’s has big news this afternoon: The old Koeppel family is selling the 31-story Standard Oil Building, built by John D. Rockefeller at Broadway and Beaver Street in 1922 and 1923.

The asking price for 26 Broadway has not been revealed, but downtown office buildings are selling at an average of $350 a square foot, or $262.5 million for the 750,000 square foot office tower.

Not bad for a masterpiece of limestone-clad capitalism.

Max Abelson

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