The Chrysler family, who had inherited the property after the death of Walter Chrysler in 1940, sold the building in 1953 to William Zeckendorf for its assessed price of $18 million.
The Chrysler family inherited the property after the death of Walter Chrysler in 1940, with the property under the ownership of W.P. Chrysler Building Corporation. The family sold the building in 1953 to William Zeckendorf for its assessed price of $18 million.