New York Observer publisher purchases 700 Broadway for $80 million

Oh, to be 26 years old and rich.

Jared Kushner, the son of New Jersey real estate developer Charles Kushner, has just purchased the 100,000-square foot building at 70 Broadway, which he bought for $80 million from Lincoln Property Co. The building had previously been purchased in 2006 from The Society for $53 million.

Without knowing specifically what he will do with his new piece of real estate, the younger Kushner offered the following: “It’s difficult to resist an architectural masterpiece located in a vibrant neighborhood.” Yup, sounds like a real estate developer’s son to us, too.

Kushner, a 2003 Harvard alum and current New York University grad student in both the School of Business and the School of Law (at least his ambitions match his wallet), can be coy as he wants about his latest investment, but if history is any indicator, we’re guessing that the classic building at 700 Broadway is in just the right hands.

Via The Real Deal