Spitzer family sells $31M medical condo

TRD NEW YORK /
Jul.July 08, 2011 02:20 PM

The family of former Gov. Eliot Spitzer has sold a medial office condominium at 345 East 37th Street for $31 million, Crain’s reported. The 81,000-square-foot space was purchased by medical property investment firm ProMed, which plans to renovate. The 57-story building, also known as the Corinthian, has upwards of 860 residential condos in addition to the medical offices. Last year, the Spitzer family sold off the building’s 186-space parking garage to Alliance Parking owner Gregg Reuben for $10.2 million. “We are very pleased to have completed phase two of the project to sell the commercial components of the Corinthian condo building,” said Robert Knakal, chairman of Massey Knakal Realty Services, who represented the Spitzers in both deals alongside the firm’s John Ciraulo. ProMed is hoping that the renovations will help it lure more high-end medical practices and prestigious hospital affiliations to the property, which is near NYU Langone Medical Center and Bellevue Hospital. [Crain’s]


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