Hiro Real Estate and Goldman Sachs’ landmarked tower at 150 East 42nd Street, also known as the Socony-Mobil Building, is asking $900 million for the long-term leasehold.
Mount Sinai Medical Center also recently signed a lease for 450,000 square feet at the base of the building. The hospital is slated to occupy the bottom five floors as well as floors nine through 11, as it combines its various departments as a result of merging last year with Continuum Health Partners. Asking rents for office space in Midtown East is in the $40s and $50s per square foot, Crain’s reported. Mobil Oil was a long-time flagship tenant at the 1.8 million-square-foot tower, located between East 41st and East 42nd streets. [more]