The Upper East Side’s Mount Sinai hospital has purchased a 15,000-square-foot lot at 14-20 East 103rd Street from the New York Academy of Medicine for $25 million, according to public records filed with the city today, topping off a year in which the hospital added to its real estate holdings significantly.
The lot, which is currently used for parking and is zoned for residential uses at a maximum floor area ratio of 3.44, closed Dec. 5, records show. The site could feasibly be developed as a tall slender building, according to zoning regulations.
While the hospital has announced no immediate plans to expand further, it may develop on the site in the future, a spokesperson said. [more]



