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THE LIPSTICK BUILDING , NEW YORK CITY - 53RD AT THIRD - 34 fl - 138 m/453 ft - by John Burgee Architects and Phillip Johnson

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Manhattanist - admin
390 posts

THE LIPSTICK BUILDING
53rd at Third

885 Third Avenue
 
Completed: 1986
 34 Floors
138 meters.453 feet

Enameled Red Imperial Granite and Steel Exterior
 
 Architects: John Burgee Architects and Phillip Johnson


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The Sleep New York-er from MePa!
Manhattanist - admin
390 posts

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...

DEALBOOK

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.


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The Sleep New York-er from MePa!
Manhattanist - admin
390 posts

MADOFF'S OFFICE IN THE

LIPSTICK BUILDING, NEW YORK CITY


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The Sleep New York-er from MePa!
Gothamite - admin
239 posts

I don't like it up close, but in the district with the Citigroup Center nearby, it looks quite unique.

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The Other West-End-er
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