Simone Development Acquires Healthcare Condominium at The Charleston at 225 East 34th Street in Manhattan
BRONX, NY (April 11 2022) — Simone Development Companies a full-service real estate investment company specializing in the acquisition and development of healthcare, office, retail, industrial and residential properties, has expanded its Manhattan healthcare portfolio with the purchase of a 12,000 square-foot medical condominium at 225 East 34th Street in Manhattan for $11.15 million.
Ryan Perkowski and John Martisch of RPR Ventures represented the seller, Neuro Real Estate LLC. Simone Development was represented by legal counsel Brian Sampson, Erica Nazarian and Jared Van Vleet from SVNS Partners on the acquisition and financing.
The property is 100% occupied under long-term lease by NYU Langone and is located on the first floor of The Charleston, a 191-unit luxury residential building in Murray Hill. NYU Langone’s Comprehensive Epilepsy Center, one of the largest epilepsy centers in the county, has operated at the property since the building was completed in 2007.
“We are proud to add this healthcare property located in such a prominent location in Midtown Manhattan to our portfolio and are pleased to be part of a long-term relationship with NYU Langone, one of the country’s premier medical systems,” said Joseph Simone, president of Simone Development Companies.
The acquisition is the third Manhattan medical condominium acquisition by Simone Development over the past several years. Other locations include the Park Avenue Medical Arts Center at 62 East 88th Street and the healthcare condo at Manhattan House at 260 East 66th Street.
Manhattan House
Manhattan House
260 East 66th Street, Manhattan, NY
Located in a predominantly residential neighborhood in the heart of the Upper East Side, the Medical Condominium at Manhattan House is a unique 18,000 square-foot medical office complex comprised of three individual state-of-the-art medical suites each with separate storefront entrances. The well-appointed suites, which range from 2,152 to 8,454 square feet, feature high-end finishes in a patient-friendly environment. Manhattan House, which is a luxury building designated as a New York City Landmark, is ideally located at the crossroads of the largest concentration of hospitals and healthcare providers in Manhattan including Memorial Sloan-Kettering Cancer Center, Lenox Hill Hospital, NewYork-Presbyterian/Weill Cornell Medical Center, Rockefeller University Hospital, Manhattan Eye, Ear & Throat Institute and the Hospital for Special Surgery. The Medical Condominium at Manhattan House is also convenient to subways, buses and the FDR Drive.
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62 East 88th Street
62 East 88th Street
Manhattan, NY
Conveniently located in the heart of the sought-after Carnegie Hill neighborhood on Manhattan’s Upper East Side, 62 E 88th Street is a 19,000 square-foot state-of-the-art medical condominium in a luxury doorman building. Known as Park Avenue Medical Arts Center, the building’s medical suites offer private elevator access, a separate entrance and a renovated lobby. The building is close to major Manhattan hospitals including Mount Sinai Medical Center, Lenox Hill Hospital, NewYork-Presbyterian, Weill Cornel Medical Center and the Hospital for Special Surgery. The property also offers easy access to mass transit.
