In 1928, the land on which the Waldorf-Astoria stood was sold off so that the Empire State Building could be constructed in its place. With the estimated $20 million from the sale ($372m today), the hotel later reopened on Park Avenue, while its original shell was demolished.

The modern Waldorf Astoria New York (pictured) finally reopened in July 2025 after an eight-year major renovation costing $2 billion.

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