Want to own a piece of New York?

Now you can own a part of one of the city's most iconic skyscrapers. On Monday, The Empire State Realty Trust, announced plans to go public, which could raise about $1 billion dollars. The company owns and operates a dozen properties in the greater New York metropolitan area. The decision to put the company on the stock market came after the firm disclosed in November. Current tenants include LinkId, the Federal Deposit Insurance Corporation and a Coty a beauty product maker. The Empire Stare Realty plans to use the cash they get from investors to repay loans.


http://www.usnews.com/news/blogs/home-front/2012/02/13/want-to-own-a-piece-of-nyc-now-you-can


By: Adriana Lugo