Sotheby’s Will Lease Headquarters Space to Weill Cornell
Six months after the auction house announced it would buy the Breuer building, it’s reached a deal to lease part of its current headquarters on York Avenue.
An exterior view of Sotheby's headquarters on York Avenue in New York City.
Photographer: Cindy Ord/Getty Images North AmericaWhen Sotheby’s revealed that it had purchased the Whitney Museum’s Breuer building on Madison Avenue earlier this year, plans for its 500,000-square-foot headquarters on York Avenue were left open-ended.
Now the company has announced that it’s leased 5 of the building’s 10 floors to Weill Cornell Medicine, which will devote the space to research purposes. In total, the institution will occupy about 200,000 square feet of Sotheby’s building; the floors will eventually be used by more than 700 faculty and staff. By the time the medical organization has established itself at 1334 York Ave., Sotheby’s will have vacated the building. But no plans for a sale have been announced.