Sloan-Kettering pays $42M for UES building

New York /
Dec.December 18, 2008 01:37 PM

Memorial Sloan-Kettering Cancer Center bought a four-story commercial building on the Upper East Side, nearby its main campus, for $42 million.

The building, at 1133 York Avenue at 61st Street, is six blocks south of the hospital’s main location at 1275 York Avenue, at 67th Street.

The hospital went into contract on the purchase from Witkoff York LLC, a company affiliated with the Midtown realty company the Witkoff Group, on October 15 and closed December 4, according to property records published yesterday. Neither Witkoff nor the hospital responded to a request for comment.

There was no mortgage registered with the sale of the 46,191-squar- foot building on an 11,547-square-foot, corner parcel, indicating the purchase was an all-cash transaction.

It is unclear how the building will be used, or whether it will be demolished and the site would be developed into a new structure.

In November, The Real Deal reported that the hospital backed out of a $57 million contract to buy an apartment building at 360 East 57th Street. The hospital planned to use the 50-unit tower as housing for staff and doctors.


Related Articles

arrow_forward_ios
(Image by Wolfgang & Hite via Dezeen)

Hudson Yards megadevelopment inspires a new line of sex toys

Hudson Yards megadevelopment inspires a new line of sex toys
Cammeby's International Group founder Rubin Schron and, from top: 194-05 67th Avenue, 189-15 73rd Avenue and 64-05 186th Lane (Credit: Google Maps)

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio
Wendy Silverstein (Credit: Getty Images)

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out
Istanye Park in Istanbul (Photo via Wikipedia Commons)

Turkish mall valued at $1B in deal with Qatar

Turkish mall valued at $1B in deal with Qatar
John Wayne and the Riverside County ranch (Getty; Land and Farm)

John Wayne’s former Riverside County ranch relists for $8M

John Wayne’s former Riverside County ranch relists for $8M
Joe Sitt and Charles Scribner’s Sons Building in Midtown (Thor, Google Maps)

Thor’s $150M loan on 597 Fifth heads to special servicing

Thor’s $150M loan on 597 Fifth heads to special servicing
258 8th Avenue (Google, Target)

Target planning yet another NYC store in Chelsea

Target planning yet another NYC store in Chelsea
Steve Witkoff and 4766 North Bay Road (Getty, Douglas Elliman)

Steve Witkoff buys waterfront Miami Beach lot for $8M

Steve Witkoff buys waterfront Miami Beach lot for $8M
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...