JPMorgan Chase has agreed to buy 50,000 square feet of air rights from St. Bartholomew’s Church but is leaving the door open to buy up to 505,000 square feet more for $157.8 million. The bank plans to pay $20.7 million for the initial installment of rights, according to a petition filed in state Supreme Court on Wednesday. JPMorgan has agreed to pay $15.6 million for the rights, as well as $3.1 million for public contributions […]
source https://therealdeal.com/2018/06/28/jpmorgan-to-buy-50k-sf-of-air-rights-and-maybe-505k-more-for-270-park-avenue/
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