The Real Deal New York

Outpatient medical clinics flock to the Upper East Side

January 27, 2014 11:59AM

Hospitals are increasingly opening full-service walk-in clinics in an effort to reduce inpatient costs. As a result, outpatient medical facilities are cropping up throughout the city.

Carpet retailer Sam Shamouilian occupied a five-story space at 38 East 32nd Street for decades. Now, four practices use four of the stories for medical offices. The medical offices have been largely replacing retail outlets and moving closer to where people work and live, rather than near a hospital.

Medical offices are most abundant near Madison Avenue from East 30th Street to the Upper East Side, Crain’s reported. A group of obstetrician/gynecologists recently leased a 4,400-square-foot condominium at 62 East 88th Street, and at East 61st Street between Park and Madison avenues, a spinal surgeon just took space, Crain’s said.

“Hospitals are going into areas that were previously underserved; providers are trying to make themselves more accessible,” Paul Wexler of the Corcoran Group’s health care properties team told Crain’s. [Crain’s]Mark Maurer