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
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