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RXR Puts Helmsley Building Up for Sale for Roughly $670M

Scott Rechler’s RXR is putting the landmarked Helmsley Building up for sale more than two years after defaulting on a loan tied to the Midtown property, Commercial Observer has learned. RXR is asking

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Summary

Scott Rechler’s RXR is putting the landmarked Helmsley Building up for sale more than two years after defaulting on a loan tied to the Midtown property, Commercial Observer has learned.

RXR is asking for roughly $670 million for the 1.

4 million-square-foot office building at 230 Park Avenue, according to a source close to the deal. […]

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