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