NEW YORK CITY-The Sotheby's world headquarters on the Upper East Side is being marketed for sale by Eastdil Secured.
Douglas Harmon and Adam Spies of Eastdil Secured are marketing the building to potential buyers including hospitals, residential developers, as well as office and hotel operators, according to the New York Post.
The circa 1921 property at 1334 York Ave. was redesigned and modernized 13 years ago by Kohn Pederson Fox, with six large floors added at a cost of around $150 million.
“Given the location of our building, the current real estate market, the unsolicited interest we've received in our property and our responsibility to our shareholders, we are exploring our options,” Sotheby's spokesman Andrew Gully says.
The building totals approximately 500,000 square feet. Sotheby's initially rented the building, but acquired the property in 2009 for $370 million. See story in the New York Post.
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