The Mount Sinai Health System has tapped NGKF Capital Markets to market for sale a partially-occupied building adjacent to the campus of Mount Sinai Roosevelt in Manhattan. The 11-story, 102,000-square-foot building at 432 West 58th Street currently houses medical research laboratories.
Proceeds of the sale will be used to support strategic clinical facility and infrastructure objectives for Mount Sinai, including expansion and enhancement of OB-GYN, orthopaedic, and surgical care services.
NGKF Capital Markets Senior Managing Directors David Noonan and Jennifer Schwartzman, and NGKF Vice Chairman Mark Weiss, are handling the sale on behalf of Mount Sinai. Details of the property may be viewed at http://mshs.co/1pmwCEa. Bids are due by December 10.
About Newmark Grubb Knight Frank
Newmark Grubb Knight Frank is one of the world’s leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, NGKF’s 12,000 professionals operate from more than 330 offices in established and emerging property markets on six continents.
With roots dating back to 1929, NGKF’s strong foundation makes it one of the most trusted names in commercial real estate. NGKF’s full-service platform comprises BGC’s real estate services segment, offering commercial real estate tenants, landlords, investors and developers a wide range of services including leasing; capital markets services, including investment sales, debt placement, appraisal, and valuation services; commercial mortgage brokerage services; as well as corporate advisory services, consulting, project and development management, and property and corporate facilities management services. For further information, visit www.ngkf.com.
NGKF is a part of BGC Partners, Inc., a leading global brokerage company servicing the financial and real estate markets. BGC’s common stock trades on the NASDAQ Global Select Market under the ticker symbol (NASDAQ: BGCP). BGC also has an outstanding bond issuance of Senior Notes due June 15, 2042, which trade on the New York Stock Exchange under the symbol (NYSE: BGCA). BGC Partners is led by Chairman and Chief Executive Officer Howard W. Lutnick. For more information, please visit http://www.bgcpartners.com/.