Auction house Sotheby’s has hired a firm Eastdil Secured to prepare for the sale and finding a buyer for its headquarters in downtown new York. The cost of the building is estimated at $ 500 million, writes the New York Post.
According to sent to potential buyers, promotional offer, the terms of the sale provide an opportunity for Sotheby’s to lease the building after completion, for a short period of time required to move to a new office.
The headquarters of Sotheby’s is located on York Avenue between East 71st and 72nd streets. The total area of the 10-storey building exceeds 45 thousand square meters.
Eastdil Secure experts believe that the acquisition of the object may be interested hospitals, educational institutions, hospitality and commercial operators, and companies involved in the reconstruction of buildings and subsequent changing of administrative function for residential.
Sotheby’s is one of the world’s oldest auction houses. Founded in the mid XVIII century, the company today occupies a significant market share of auction sales of Antiques, art objects and other valuables. In 2007, the branch of the auction house opened in Moscow.
