Sotheby’s auction house is getting new financing on its home. Barclays just closed on a $483 million, five-year, floating-rate loan for Sotheby’s headquarters, 1334 York Avenue on the Upper East Side, according to Commercial Observer. The 10-story 506,000-square-foot building has housed Sotheby’s since 1980. The financing retires previous debt on the asset, including a $252 million BNP Paribas loan from October 2019. The building has seen some redevelopment since, including a February 2019 $55 million
source https://therealdeal.com/2020/09/30/sothebys-gets-483-million-loan-for-its-ues-headquarters/
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