NYU School of Medicine building in Garden City trades for $11.5M

TRD New York /
Mar.March 25, 2019 03:45 PM

Meridian Imaging Group has sold a 16,920-square-foot medical office building in Garden City to an undisclosed buyer for $11.47 million, according to GlobeSt. The outlet cited a press release from HFF, which brokered the deal and is itself poised to be acquired by fellow commercial brokerage JLL in a $2 billion cash-and-stock transaction announced last week. The New York University School of Medicine holds a 14-year triple net master lease on the building at 224 Seventh Street, which was built in 1969 and converted to a medical imaging facility in 2007. HFF’s team handling its sale included senior managing directors Jose Cruz, Kevin O’Hearn and Andrew Scandalios, along with senior directors Ben Appel, Michael Oliver and Steve Simonelli. Inland Real Estate Acquisitions facilitated the purchase of the property. [GlobeSt]


Related Articles

arrow_forward_ios
J.C. Penney at the Westfield South Shore mall in Long Island and  J.C. Penney CEO Jill Soltau (Google Maps; Getty)

J.C. Penney to keep Bay Shore outpost open for now

J.C. Penney to keep Bay Shore outpost open for now
State Sens. Brian Kavanagh and Kevin Thomas (NY Gov; Getty; iStock)

“What would we discipline them for?”: Brokers deny discrimination at heated hearing

“What would we discipline them for?”: Brokers deny discrimination at heated hearing
Chopper ride-sharing services are seeing increased demand for Hamptons helicopter route as wealthy New Yorkers book commutes to Manhattan (Illustration by The Real Deal; iStock)

Chopper rides from Hamptons fly off the shelves as Covid changes plans

Chopper rides from Hamptons fly off the shelves as Covid changes plans
In the Hamptons, the median sales price hit $1,080,000, up 9 percent over the first quarter (iStock)

Home prices set new records as inventory falls across Long Island

Home prices set new records as inventory falls across Long Island
Clockwise from top left: Deirdre O'Connell of Sotheby's International Realty, Paul Breunich of Sotheby's International Realty, and Heather Harrison of Compass

Tri-State brokers are busier than ever as buyers warm to suburban living

Tri-State brokers are busier than ever as buyers warm to suburban living
The New York State Senate subpoenaed several top names in real estate

Elliman, RE/MAX, Keller Williams subpoenaed in discrimination probe

Elliman, RE/MAX, Keller Williams subpoenaed in discrimination probe
Compass' Rory Golod and Long Island’s North Shore (Credit: Long Island)

Compass sets sights on Long Island’s North Shore

Compass sets sights on Long Island’s North Shore
Governor Andrew Cuomo (Credit: Getty Images)

Cuomo announces new state rules following Newsday’s discrimination exposé

Cuomo announces new state rules following Newsday’s discrimination exposé
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...