Mount Sinai ponders Morningside property sales

Mount Sinai Hospital, which took over St. Luke’s in Morningside Heights last month, may sell some of the buildings on its campus.

The hospital heavyweight nabbed St. Luke’s in a merger with Continuum Health Partners. And while the hospital bases medical operations out of buildings on the west side of the two-block campus between West 113th and West 115th streets, Amsterdam Avenue and Morningside Drive, it also owns several buildings and a parking lot on the east side.

Specifically which properties would be up for a possible sale was not immediately clear, Crain’s reported. A St. Luke’s real estate executive was not immediately available for comment to Crain’s and Mount Sinai did not immediately comment.

The hospital would join other property owners who have recently taken advantage of a booming residential market, should plans move forward. The Cathedral Church of Saint John the Devine, with the Brodsky Organization as a developer, is building hundreds of rental apartments on its Upper West Side property, as The Real Deal previously reported. [Crain’s] — Julie Strickland