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1334 York Avenue

Dmitri Koon Of Weill Cornell Medicine Acquires Office At 1334 York Avenue For $510M
SOLDOffice

Dmitri Koon Of Weill Cornell Medicine Acquires Office At 1334 York Avenue For $510M

1334 York Avenue

$510,000,000

$1,020/SF

Building Size

500,000 SF

Asset Type

Office

Closing

Sep 30, 2025

AI

The property involved in this transaction is located at 1334 York Avenue in the Lenox Hill market. The asset type is office space, with a total square footage of 500,000. The sale price for this property was set at $510,000, which translates to a price per square foot of $1,020.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $510,000,000
  • Square Footage: 500,000
  • Price Per Square Foot: $1,020
  • Buyer: Dmitri Koon - Weill Cornell Medicine
  • Seller: Steve Wrightson - Sothebys
  • Brokers: Doug Middleton & Mary Ann Tighe - CBRE

Key individuals involved in the transaction include Dmitri Koon, representing Weill Cornell Medicine as the buyer, and Steve Wrightson from Sothebys as the seller. The transaction was facilitated by brokers Doug Middleton and Mary Ann Tighe, both from CBRE, who played a crucial role in bringing the buyer and seller together.

Players

Doug Middleton

CBRE

Broker

$7.1B

vol

39 deals

Broker
CBRE
CBREBrokerage

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