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Why didn't 55 Liberty close? and how it helped change our careers!

  • 55 liberty
  • We had a big sale pending at 55 Liberty street, just weeks before Lehman Brothers imploded. Let's just say that the buyers knew what was coming in the banking sector, well before the sellers did. The sale never happened. The buyers came to the closing table and tried to negotiate a sales price of $1,000,000 less than the contract price. The sellers told the buyers to take a hike!  I remember meeting my wife, after I left the closing table at a cafe on 6th ave and had to give her the news. It hurt for about a day and then we looked at each other and said, this is the perfect point in our careers to fine tune our team, have better systems, better marketing, more networking and more social media. I am grateful 55 Liberty never closed!
  • Liberty tower. 55 Liberty street . Built in 1909 by Henry Ives cobb ( one of only two New York commission ) it stands 33 stories and 385 ft tall with foundations sunk 90 ft into the ground and is just 58 by 82 ft across. The building has had a turbulent past - the original owners were almost bankrupted by its construction, then in 1917 the famous 'zimmerman plot' was traced back to a rented office in the building. In 1919 the building was sold to the Sinclair oil company famous for the 'Teapot dome scandal' of 1922 -the biggest scandal to rock the U.S until Watergate. The building settled down to an uneventful life being sold by Sinclair oil in 1945 and returning to multi occupancy use until 1979 when it was turned into condo's The building was literally shook to its foundations by the destruction of the twin towers causing structural damage and underwent major renovation. #thezwebenteam #driven #focused #passionate @douglaselliman

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Paul Zweben, Licensed Associate RE Broker
pzweben@elliman.com
Carolyn Zweben, Licensed Associate RE Broker
czweben@elliman.com
1995 Broadway, New York, 10023

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