Sothebys Acquires Mixed-Use Property On Upper East Side For $100M

945 Madison Avenue, located in the Upper East Side market, has been sold in a closed transaction. The mixed-use property, spanning 76,000 square feet, was purchased by Sothebys from the Whitney Museum. The sale price for this transaction was recorded at $100,000,000, resulting in a price per square foot of $1,316.

Summary of transaction details:

• Property Type: Mixed-Use
• Transaction Amount: $100,000,000
• Address: 945 Madison Avenue
• Market: Upper East Side
• Buyer: Sothebys
• Seller: Whitney Museum
• Brokers: Doug Middleton, Mary Ann Tighe, and Lauren Crowley - CBRE
• Square Footage: 76,000
• Price per Square Foot: $1,316

Doug Middleton, Mary Ann Tighe, and Lauren Crowley from CBRE represented the buyer and seller in this transaction, serving as the brokers involved in the deal.