Manhattan’s iconic Helmsley Building above Grand Central Terminal is said to have suffered a nearly 40% decline in value as the pandemic-upended office market pummels high-profile properties in the largest U.S. city.
Manhattan’s Helmsley Building has lost nearly 40% of its value, bond-rating firm says
Morningstar expects cash-flow decline at 34-story tower
By Andria Cheng
CoStar News19 November 2024 | 22:09
RELATED ARTICLES
This news story is available exclusively to CoStar subscribers.
Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.
This news story is available exclusively to CoStar subscribers.
Ready to Learn More?
Sign Up For a Personalised Demo.
Sign Up For a Demo To Learn More.
Already A Subscriber? Sign In
IN THIS ARTICLE
- Properties
- The Helmsley Building
230 Park Ave, New York, NY
- One Vanderbilt
1 Vanderbilt Ave, New York, NY
- Companies