notes to consolidated financial statements minority partner approves the annual budget , receives a detailed monthly reporting package from us , meets with us on a quarterly basis to review the results of the joint venture , reviews and approves the joint venture 2019s tax return before filing , and approves all leases that cover more than a nominal amount of space relative to the total rentable space at each property we do not consolidate the joint venture as we consider these to be substantive participation rights .
our joint venture agreements also contain certain pro- tective rights such as the requirement of partner approval to sell , finance or refinance the property and the payment of capital expenditures and operating expenditures outside of the approved budget or operating plan .
the table below provides general information on each joint venture as of december 31 , 2009 ( in thousands ) : property partner ownership interest economic interest square feet acquired acquisition price ( 1 ) 1221 avenue of the americas ( 2 ) rgii 45.00% ( 45.00 % ) 45.00% ( 45.00 % ) 2550 12/03 $ 1000000 1515 broadway ( 3 ) sitq 55.00% ( 55.00 % ) 68.45% ( 68.45 % ) 1750 05/02 $ 483500 .

Property
Partner
Ownership Interest
Economic Interest
Square Feet
Acquired
Acquisition Price<sup>(1)</sup>
1221 Avenue of the Americas<sup>(2)</sup>
RGII
45.00%
45.00%
2,550
12/03
$1,000,000
1515 Broadway<sup>(3)</sup>
SITQ
55.00%
68.45%
1,750
05/02
$483,500
100 Park Avenue
Prudential
49.90%
49.90%
834
02/00
$95,800
379 West Broadway
Sutton
45.00%
45.00%
62
12/05
$19,750
21 West 34<sup>th</sup>Street<sup>(4)</sup>
Sutton
50.00%
50.00%
30
07/05
$22,400
800 Third Avenue<sup>(5)</sup>
Private Investors
42.95%
42.95%
526
12/06
$285,000
521 Fifth Avenue
CIF
50.10%
50.10%
460
12/06
$240,000
One Court Square
JP Morgan
30.00%
30.00%
1,402
01/07
$533,500
1604-1610 Broadway<sup>(6)</sup>
Onyx/Sutton
45.00%
63.00%
30
11/05
$4,400
1745 Broadway<sup>(7)</sup>
Witkoff/SITQ/Lehman Bros.
32.26%
32.26%
674
04/07
$520,000
1 and 2 Jericho Plaza
Onyx/Credit Suisse
20.26%
20.26%
640
04/07
$210,000
2 Herald Square<sup>(8)</sup>
Gramercy
55.00%
55.00%
354
04/07
$225,000
885 Third Avenue<sup>(9)</sup>
Gramercy
55.00%
55.00%
607
07/07
$317,000
16 Court Street
CIF
35.00%
35.00%
318
07/07
$107,500
The Meadows<sup>(10)</sup>
Onyx
50.00%
50.00%
582
09/07
$111,500
388 and 390 Greenwich Street<sup>(11)</sup>
SITQ
50.60%
50.60%
2,600
12/07
$1,575,000
27-29 West 34<sup>th</sup>Street<sup>(12)</sup>
Sutton
50.00%
50.00%
41
01/06
$30,000
1551-1555 Broadway<sup>(13)</sup>
Sutton
10.00%
10.00%
26
07/05
$80,100
717 Fifth Avenue<sup>(14)</sup>
Sutton/Nakash
32.75%
32.75%
120
09/06
$251,900

the meadows ( 10 ) onyx 50.00% ( 50.00 % ) 50.00% ( 50.00 % ) 582 09/07 $ 111500 388 and 390 greenwich street ( 11 ) sitq 50.60% ( 50.60 % ) 50.60% ( 50.60 % ) 2600 12/07 $ 1575000 27 201329 west 34th street ( 12 ) sutton 50.00% ( 50.00 % ) 50.00% ( 50.00 % ) 41 01/06 $ 30000 1551 20131555 broadway ( 13 ) sutton 10.00% ( 10.00 % ) 10.00% ( 10.00 % ) 26 07/05 $ 80100 717 fifth avenue ( 14 ) sutton/nakash 32.75% ( 32.75 % ) 32.75% ( 32.75 % ) 120 09/06 $ 251900 ( 1 ) acquisition price represents the actual or implied purchase price for the joint venture .
( 2 ) we acquired our interest from the mcgraw-hill companies , or mhc .
mhc is a tenant at the property and accounted for approximately 14.7% ( 14.7 % ) of the property 2019s annualized rent at december 31 , 2009 .
we do not manage this joint venture .
( 3 ) under a tax protection agreement established to protect the limited partners of the partnership that transferred 1515 broadway to the joint venture , the joint venture has agreed not to adversely affect the limited partners 2019 tax positions before december 2011 .
one tenant , whose leases primarily ends in 2015 , represents approximately 77.4% ( 77.4 % ) of this joint venture 2019s annualized rent at december 31 , 2009 .
( 4 ) effective november 2006 , we deconsolidated this investment .
as a result of the recapitalization of the property , we were no longer the primary beneficiary .
both partners had the same amount of equity at risk and neither partner controlled the joint venture .
( 5 ) we invested approximately $ 109.5 million in this asset through the origination of a loan secured by up to 47% ( 47 % ) of the interests in the property 2019s ownership , with an option to convert the loan to an equity interest .
certain existing members have the right to re-acquire approximately 4% ( 4 % ) of the property 2019s equity .
these interests were re-acquired in december 2008 and reduced our interest to 42.95% ( 42.95 % ) ( 6 ) effective april 2007 , we deconsolidated this investment .
as a result of the recapitalization of the property , we were no longer the primary beneficiary .
both partners had the same amount of equity at risk and neither partner controlled the joint venture .
( 7 ) we have the ability to syndicate our interest down to 14.79% ( 14.79 % ) .
( 8 ) we , along with gramercy , together as tenants-in-common , acquired a fee interest in 2 herald square .
the fee interest is subject to a long-term operating lease .
( 9 ) we , along with gramercy , together as tenants-in-common , acquired a fee and leasehold interest in 885 third avenue .
the fee and leasehold interests are subject to a long-term operating lease .
( 10 ) we , along with onyx acquired the remaining 50% ( 50 % ) interest on a pro-rata basis in september 2009 .
( 11 ) the property is subject to a 13-year triple-net lease arrangement with a single tenant .
( 12 ) effective may 2008 , we deconsolidated this investment .
as a result of the recapitalization of the property , we were no longer the primary beneficiary .
both partners had the same amount of equity at risk and neither partner controlled the joint venture .
( 13 ) effective august 2008 , we deconsolidated this investment .
as a result of the sale of 80% ( 80 % ) of our interest , the joint venture was no longer a vie .
( 14 ) effective september 2008 , we deconsolidated this investment .
as a result of the recapitalization of the property , we were no longer the primary beneficiary. .

Question: Analyse this data from a financial earnings document. what was the total value of the 1745 broadway property as of april 2007 based on the acquisition price?
Choices:
2479.85121
520000000
-1611903285.80285
1611903285.80285
118181.81818
Correct choice index: 3