Deals
Chrysler Building Owner Lands His Trophy, Now Faces Rising Costs
- Collector Aby Rosen bought 1930 landmark at a steep discount
- Tower faces rising costs, competition from modern skyscrapers
The Chrysler Building in Midtown Manhattan
Photographer: Drew Angerer/Getty Images North AmericaThis article is for subscribers only.
As Aby Rosen was dog-sledding in Norway, skiing in Japan and snorkeling in St. Barts last month, one thought was constantly on the mind of the real estate tycoon and art collector: The building.
“We were on holiday for two weeks and every day he was talking about the Chrysler,” said Alberto Mugrabi, Rosen’s friend of almost 20 years.