Google searched its cash coffers and came up with a large deposit and signed a contract yesterday to buy the entire city-blockwide 111 Eighth Avenue, The Post has learned.
The price? A cool $1.8 billion.
The deal is expected to close before year-end and pricing adjustments are still possible, sources said.
Google, which has more than $33 billion in cash on its balance sheet, did not have to put up a 10 percent deposit, these sources said, but did put up “serious money.”
The deal is the largest US commercial real estate purchase by a tenant ever — and confirms an exclusive report in The Post on Oct. 27.
Full story: Google’s search ends: Pays $1.8B for 111 Eighth Ave.