Sothebys' York Avenue Office Building In Lenox Hill Acquired By Barclays Bank For $650M
FINANCED
$650,000,000
New York
See Similar DealsOffice506,074 SF
Financed 03/17/2020
FINANCED
Sothebys' York Avenue Office Building In Lenox Hill Acquired By Barclays Bank For $650M
1334 York Avenue
See Similar DealsOffice506,074 SF
Financed 03/17/2020
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$1,284
Total Square Footage:506,074 SF
Transaction Type:Loan
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
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$650,000,000.00
Monthly NOI$4,333,333.33
Monthly Debt Service$4,108,442.15
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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