Interest rates were still relatively low, and the building had a trophy tenant, Swedish photography museum Fotografiska, with a 15-year lease.
RFR has been shopping it around for $140 million, an amount the broker found 'asinine - just plain old stupid.'
RFR bought the building in 2014 for $50 million and poured another $30 to $40 million into the renovation. It is a stunning space but faces challenges.
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