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The Real Deal reports that Africa Israel finally has sold the historic Met Life Clock Tower building adjacent to Madison Square Park (5 Madison Avenue). No word yet on either the buyer’s name or what they intend to do with the building but the deal is slated to close mid-December and there is a deposit down.

The building has been the subject of several proposed plans in the past, including very large (4,000+ square foot) ultra-high-end condos designed by Donatella Versace, and then revised to be condos about half the size with a new designer involved, and then more recently a deal with a group including Tommy Hilfiger that intended to turn part of it into a hotel.

The historic building was built in 1909 and was at one time the worldโ€™s tallest building.

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