Bank of America Takes Control of Merrill's Old 222 Broadway

Bank of America has formally taken possession of 222 Broadway, the Swiss Bank Building between Fulton and Ann streets that once belonged to Merrill Lynch.

The bank has no shortage of New York commercial real estate, having just recently taken up residence in its new tower at One Bryant Park, and sources indicate it may well decide to sell 222 Broadway at some point.

The transfer popped up in city records when Bank of America paid $976,000 in real estate taxes on Jan. 1. Merrill Lynch bought the building from the Swiss Bank Corp in 1997 for $72.7 million.

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