THE LIPSTICK BUILDING , NEW YORK CITY - 53RD AT THIRD - 34 fl - 138 m/453 ft - by John Burgee Architects and Phillip Johnson
The building was the home to Madoff Securities (Floors 17-19) for years. You can see more about Madoff's office in the thread here.
The owners of the building are filing under Chapter 11...
According to the court documents, the building’s owner, Metropolitan 885 Third Avenue Leasehold, defaulted on a $210 million mortgage held by the Royal Bank of Canada. The company was not able to maintain a minimum balance of $2.3 million in the loan’s debt service fund, which triggered a default notice in April, according to court documents. After several notifications, the Royal Bank of Canada filed a lawsuit against the firm, calling for a sale of the well-known property to pay off the loan.
MADOFF'S OFFICE IN THE
LIPSTICK BUILDING, NEW YORK CITY
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