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Building of the Week

Sony Tower – 550 Madison Ave, New York, NY

Purchase Price: $1,100 M

Recent Loan: $600 M by Bank of China

Origination Date: 3/15/2013

NOI: $54.6 M

Total Building Area: 827,686 Sq Ft

Significant Tenant: Sony Corp

CrediFi Score: 1000

Interesting Fact: The former AT&T building is ridiculed for its ornamental bookcase-like top, receiving the nickname “Chippendale”. The property even made Time Out New York’s list of ugliest buildings.

Simultaneously, Sony Tower is celebrated for its seven story arched entrance and four story glass atrium connecting to the free Sony Wonder Technology Lab – a free technology and entertainment museum.

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