Other Pan Am Building Sold
By Dave Hogarty Mar 23, 2012, 11:30am EDT
The 100-year-old eight-story loft building at 1150 Sixth Avenue between 44th and 45th Streets, otherwise known as the Pan American Magazine Building, is on the verge of being purchased for $39 million by luxury hotelier Morris Moinian, who plans on building a 40-story, $140 million hotel tower on the site. Historical footnote: the current building played a role in getting Sixth Avenue renamed Avenue of the Americas. [NYP; previously]