The Real Deal New York

Carlyle Group buys Corinthian medical condo for $48M

ProMed Properties paid $30.6M for three floors of Murray Hill tower in 2011

September 14, 2015 01:58PM
By Ariel Stulberg

From left: Carlyle Group's William Conway and the Corinthian in Murray Hill

From left: Carlyle Group’s William Conway and the Corinthian in Murray Hill

The Carlyle Group picked up a medical office condominium unit at the base of the Corinthian in Murray Hill for $48 million, according to property records filed with the city Monday.

The seller, ProMed Properties, bought the three-floor, 81,000-square-foot commercial condo unit for $31 million in 2011 from Spitzer Enterprises.

Bernard Spitzer, father of former New York Gov. Eliot Spitzer, who now runs the company, developed the Corinthian in 1987. The 57-story, 937,000-square-foot tower, located at 345 East 37th Street, has 817 residential condo units, according to public records.

The sale closed Aug. 25. A representative for the Carlyle Group, a Washington, D.C.-based global asset manager, could not be immediately reached.

Gaia Real Estate bought a set of 144 condos at the Corinthian in 2014 for $147 million. They also bought the building’s 50th floor for $14.6 in 2013.

Carlyle Group, along with Manhattan-based investment firm 60 Guilders, was the lead bidder on the retail co-op unit at the base of 106 Spring Street, offering $140 million. In July, the firm secured a $175 million loan to fund construction of the Boerum at 265 State Street in Brooklyn.