August 17, 2015 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.