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New York

Hospital for Special Surgery takes 51K sf at 1233 Second Ave.

Former tenant Grace Institute to move Downtown

1233 Second Avenue on the Upper East Side (inset: Justin DiMare, top, Howard Kesseler, bottom)
1233 Second Avenue on the Upper East Side (inset: Justin DiMare, top, Howard Kesseler, bottom)

The Hospital for Special Surgery signed a lease for 51,000 square feet at 1233 Second Avenue, current home of the Grace Institute, a tuition-free nursing school.

The hospital signed a 30-year lease for the space, which had an asking rent of $65 per square foot, according to the New York Post. It will take the basement through third floors. Grace Institute will be moving Downtown to 40 Rector Street.

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Michael Dubin of Savitt Partners represented the hospital, while Justin DiMare and Howard Kesseler of Newmark Grubb Knight Frank represented the building ownership.

“There was a lot of demand,” said DiMare. “The hospitals are all in an expansion mode.” [NYP] — Tess Hofmann

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Hospitals