Trump Urged To Ask Communist China’s Party Boss To Free American Scholar Detained in June
By DONALD KIRK
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This article is from the archive of The New York Sun before the launch of its new website in 2022. The Sun has neither altered nor updated such articles but will seek to correct any errors, mis-categorizations or other problems introduced during transfer.
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If the General Motors Building fetches $3.5 billion, the city stands to receive $114.3 million in taxes. The mortgage recording tax for the building will likely total $22.4 million, based on a $2.1 billion mortgage for 60% of the building’s value. The building already has a $3.1 billion mortgage attached to it; the real property transfer tax would generate another $91.9 million.
By DONALD KIRK
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By MATTHEW RICE
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By JAMES BROOKE
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By MATTHEW RICE
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By A.R. HOFFMAN
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By MICHAEL BARONE
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By TOM DEIGNAN
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By SHARON KEHNEMUI
|If the General Motors Building fetches $3.5 billion, the city stands to receive $114.3 million in taxes. The mortgage recording tax for the building will likely total $22.4 million, based on a $2.1 billion mortgage for 60% of the building’s value. The building already has a $3.1 billion mortgage attached to it; the real property transfer tax would generate another $91.9 million.
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