Bryant Park Tower

Bryant Park Tower

Answer 1

Bryant tower is located in the heart of the Manhattan. But the downturn caused by the economic recession saw its rental prices decline by 40%. This situation made the owners in doubt of the future value of the company as compared to what had been invested. The rents with could be charged to tenants was 40% below at what it was expected when the building was bought, a rational rental price for estimation would be US$45/square feet. The lease up time that can be assumed according to the situation would be 12months, since the market was ...