Sotheby’s Sells NYC Office to Weill Cornell for $510 Million

Sotheby’s Sells NYC Office to Weill Cornell for $510 Million

Sotheby’s sold its former headquarters on Manhattan’s Upper East Side to Weill Cornell Medicine.

Weill Cornell Buys Sotheby’s NYC Headquarters in Sale-Leaseback

Sotheby’s has sold its former headquarters on Manhattan’s Upper East Side to Weill Cornell Medicine for $510 million, Bloomberg News reported. The auction house agreed to lease back space in the 10-floor building at 1334 York Ave. as part of the deal. “We will use the proceeds to further reduce debt and invest even more fully in our core business, including renovating our leased office space at York,” Sotheby’s said in a statement. “We’ll now ha…

Sotheby’s Sells York Avenue Headquarters to Weill Cornell, Will Lease Back Four Floors

Sotheby’s has sold its longtime New York headquarters at 1334 York Avenue to Weill Cornell Medicine, the auction house confirmed in a note to staff this week. The move marks the latest step in a real estate overhaul that includes its 2023 acquisition of the Breuer Building, the Whitney Museum’s former home on Madison Avenue, and Gantry Point, a new 240,000-square-foot complex in Long Island City. In the internal message, shared with ARTnews,…

Sotheby’s sells New York City office to Weill Cornell for US$510 million

The auction house is set to relocate to the Breuer building at 945 Madison Ave, which formerly housed the Whitney Museum of American Art