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St. Vincent’s Hospital Put Up On Real Estate Market


Manhattan – St. Vincent’s Hospital is officially putting some of its many buildings on the market Monday.

The move comes less than two weeks after the Manhattan hospital filed for bankruptcy.

According to The New York Times, the brokerage Grubb & Ellis, is expected to release the marketing materials to sell the property at 555 Avenue of the Americas, otherwise known as Staff House. The property, near 15th Street, is a 180,000-square-foot building with 178 apartments, a 90-car parking garage and potential store space along the avenue.

St. Vincent’s, which has informally been trying to sell this building for several years, already has an offer by the Taconic Investment Partners which signed a contract on Wednesday to buy the building for $48 million, according to the Times.

It is still not clear exactly what will happen to the medical campus in the landmark district.

(Source: WPIX 11)



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