Northwell Health, the city’s biggest hospital system, is in talks to buy residential and retail properties along Third Avenue on the Upper East Side for nearly $300 million.
The company, which owns 18 hospitals, could knock down the properties — which are located between East 76th and 77th streets and owned by the Glick family — and build a 250,000-square-foot building, Crain’s reported. It’s not clear if Northwell plans to do that.
The office of the family-owned Mautner-Glick is located at 1345 Third Avenue, one of the buildings in the Glicks’ portfolio.
If the deal goes through at the price that’s being negotiated, Northwell would pay nearly $1,200 per square foot. The parcels are a block away from one of the company’s other hospitals, Lenox Hill Hospital.