abstract:The Helmsley Building is a 35-story building located at 230 Park Avenue between East 45th and East 46th Streets in Midtown Manhattan, New York City was built in 1929 as the New York Central Building, and was designed by Warren & Wetmore, the architects of Grand Central Terminal, in the Beaux-Arts style. Before the erection of the Pan Am Building – now the MetLife Building – this building stood out over the city's second most prestigious avenue as the tallest structure in the great "Terminal City" complex around Grand Central.
That, Sullivan observes in a blog post here, is a lot lower tax rate than the Helmsleybuilding janitors likely paid, when Social Security and Medicare payroll tax rates are figured in.
The Helmsleys' real estate empire in New York at one time included the Empire State Building, the Helmsley Palace hotel, the HelmsleyBuilding at the foot of Park Avenue and the Tudor City apartment complex in addition to several other hotel properties.