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At $75.29 million, the price tag for an office building would be significant but not crazy. But that was also the annual tax bill that Macklowe Properties received for the General Motors Building in Manhattan, according to PropertyShark.

Macklowe describes the building as a “2,000,000 square foot trophy property” that it bought in 2003 for $1.4 billion and commands “some of the highest rents in Manhattan, at rates that were previously thought to be unattainable.” PropertyShark says the property is actually 1.7 million square feet in size.

 

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