The Chrysler Building, the Art Deco tower whose graceful curves help define the Manhattan skyline, was purchased by the Abu Dhabi Investment Council on Tuesday for an undisclosed price, Bloomberg News reported.
The Abu Dhabi sovereign wealth fund, which bought the skyscraper from a fund managed by Prudential Financial, was set to pay about $800 million for the Midtown Manhattan building, an unnamed source told Bloomberg last month. The New York Post reported the same figure then.
Bloomberg pointed out that it is the second sale of a major New York tower to a Middle Eastern buyer in as many months. The General Motors Building was sold to a Boston Properties consortium that included a Dubai fund last month.
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