NEW YORK CITY-Sotheby's has put its 10-story Manhattan headquarters at 1334 York Ave. on the market for sale and has already received interest from a number of investors.
The auction firm, which purchased the property in February 2009 for $370 million from RFR Holdings, has hired Eastdil Secured to help market the building. The firm has already received a number of first round bids, including some from pharmaceutical firms that believe they can repurpose the building for medical use, the Wall Street Journal reports.
Sotheby's earlier this week announced a plan to review its operations and said it would explore options for its real estate holdings. See story in the Wall Street Journal.
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