Real Estate
Historic NYC Office Building Hurt by Covid Files Bankruptcy
- Owner of 70 Broad Street had faced foreclosure auction
- Building has suffered from a lack of tenants from pandemic
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The owner of a historic office building in Manhattan’s Financial District has filed bankruptcy to sell the property, which has been subject to foreclosure and suffered from a lack of tenants due to the Covid-19 pandemic.
Winta Asset Management LLC, owner of the former American Bank Note Company office building located at 70 Broad Street, filed Chapter 11 on Friday. The company is valuing the 5-story building, notable for its granite columns and eagle sculpture perched over its entrance, at $16 million, according to court documents.