New York (CNN Business) The Chrysler Building, the famous art deco New York skyscraper, will be sold for a small fraction of its previous sales price.

The deal, first reported by The Real Deal , was for $150 million, according to a source familiar with the deal.

Mubadala, an Abu Dhabi investment fund, purchased 90% of the building for $800 million in 2008. Real estate firm Tishman Speyer had owned the other 10%.

The buyer is RFR Holding, a New York real estate company. Officials with Tishman and RFR did not immediately respond to a request for comments.

It's unclear when the deal will close. The building sold fairly quickly after being publicly placed on the market only two months ago. The sale was handled by CBRE Group.

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