UPDATED, Aug. 6, 12:30 p.m.: The University Financing Foundation, a healthcare and university-focused nonprofit, has purchased a strip of six buildings on the Upper East Side for $232 million. And Northwell Health, the largest hospital system in the city, will develop a complex on the properties.
The assemblage, which the nonprofit bought from Mautner-Glick, stretches from East 76th Street to East 77th Street along Third Avenue, according to both parties. Addresses include 201-203 East 76th Street, 1339 Third Avenue, 1345 Third Avenue, 200 East 77th Street and 202 East 77th Street.
All of the buildings are vacant. Former residents either moved when their leases expired or went to other properties that Mautner-Glick manages.
Northwell plans to use the site for a new outpatient care center, a cancer center, an ambulatory surgery center and medical offices. The company had been rumored to be paying almost $300 million for the sites in the fall.
Correction: This story has been updated to clarify that the University Financing Foundation purchased the six-building stretch, and that Northwell Health will be constructing a medical facility on the properties.