 If Kushner was unable to raise rents to the levels anticipated, the building would lose millions of dollars a year just in interest payments on the senior loan.At the start of the financial crisis of 2007–2008, in December 2007 Citigroup announced they would not renew of their space on the building's third floor after it expired in August 2008.Later in the year, Kushner sold a 49% stake in the retail condominium portion of 666 Fifth to a Carlyle and Stanley Chera-led group for $525 million (about $ million in ).