facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Office

/

Loan

/

1334 York Avenue

Sothebys' York Avenue Office Building In Lenox Hill Acquired By Barclays Bank For $650M
FINANCEDOffice

Sothebys' York Avenue Office Building In Lenox Hill Acquired By Barclays Bank For $650M

1334 York Avenue

$650,000,000

$1,284/SF

Building Size

506,074 SF

Asset Type

Office

Closing

Mar 17, 2020

AI

An auction house/office located at 1334 York Avenue in the Lenox Hill market has been involved in a recent transaction. The property has a total square footage of 506,074 and was the subject of a deal. The deal included a loan amount of $650,000,000.

Summary of transaction details:

  • Property Type: Auction house/office
  • Transaction Amount: $650,000,000
  • Square Footage: 506,074
  • Address: 1334 York Avenue
  • Market: Lenox Hill

Dustin Stolly and Jordan Roeschlaub from Newmark Knight Frank represented the parties involved in the transaction. The lender for the deal was Barclays Bank US and the landlord is Sotheby's.

Players

Dustin Stolly

Walker & Dunlop

Broker

$51.1B

vol

273 deals

Broker
Barclays Bank
Barclays BankLender

Sandilands Office Market Snapshot

Boundary boundary · Office · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.02%

Cash-on-Cash

-0.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93