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
About this deal
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.
On the Map
$650,000,000
$1,284/SF
Office
View full map
Players
Sandilands Office Market Snapshot
Boundary boundary · Office · Loan transactions
Loading comparables…
Deal FAQ
Visit Dustin Stolly to view all their deals.
Browse Sandilands office loans on Traded.
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