87 Chambers Sells–Will It Become Hotel?

The five-story building at 87 Chambers Street has sold for $3.2 million, according to brokerage Cushman & Wakefield.

Bloomberg News (via The Sun) reported earlier this month that Israel’s biggest real estate company had bought the building with the intention of turning it into a 100-room boutique hotel. That report also said the sales price was $23 million, though it turned out to be considerably lower.

The seller was an LLC and the buyers were Aaron Vaknin and Industrial Buildings Corp.–according to Bloomberg, Israel’s biggest real estate company. 87 Chambers Sells–Will It Become Hotel?