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1334 York Avenue

Weill Cornell Medicine Acquires Office Building At 1334 York Avenue From Sotheby's For $510M
SOLDOffice

Weill Cornell Medicine Acquires Office Building At 1334 York Avenue From Sotheby's For $510M

1334 York Avenue

$510,000,000

$1,023/SF

Building Size

498,100 SF

Asset Type

Office

Closing

Sep 30, 2025

AI

The property asset involved in the transaction is located at 1334 York Avenue in the Lenox Hill market. Weill Cornell Medicine acquired the office asset for $510,000,000. The property encompasses a total of 498,100 square feet.

Summary of transaction details:

The individuals and companies involved in the deal include brokers David Giancola, Geoff Goldstein, Steven Klein, David Carlos, and Joe Messina representing JLL, along with Doug Middleton, Mary Ann Tighe, and Lauren Crowley from CBRE. Their involvement facilitated the transaction in this significant office property sale.

Players

David Giancola

JLL

Broker

$2.5B

vol

19 deals

Broker
Brookfield Properties
Brookfield PropertiesBrokerage

New York Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.03%

Cash-on-Cash

-0.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93