Vornado eyeing 510 Fifth Avenue?

Vornado Realty Trust is said to be in talks to buy the landmarked, five-story building at 510 Fifth Avenue, at the corner of 43rd Street, according to the Post. The 61,159-foot property, designed by Skidmore, Owings & Merrill and completed in 1954 for Manufacturers Hanover Trust, now belongs to Tahl-Propp Equities, which purchased it for $22 million in 2000 from Chase. There is a current mortgage of $33 million on the property. Chase still has a small branch in the mezzanine and owns the 145,000 feet of excess air rights there. [Post]

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