Quote Originally Posted by Gsgeorge View Post
Really? I think it's a steal for a 40+-storey historic art deco skyscraper in the center of a major American city. You could probably talk him down to $9.5 or $10.
If it's such a "steal", then go and buy it!

The property is probably close to worthless without a broad and deep mix of redevelopment cash, loans and tax credits. Once those are in hand, the property can be properly valued.

At this point, though it's a turkey and probably worth close to nothing. Let's see the taxes and liabilities.