Mount Sinai Health System Announces Deal to Lease Office Space at 150 East 42nd Street in Manhattan
Mount Sinai Health System will occupy floors 2 through 5, as well as the 9th and 10th floors.
The Mount Sinai Health System announced that it has entered into an agreement to lease approximately 450,000 square feet of space at 150 East 42nd Street in midtown Manhattan as part of its planned consolidation of corporate offices.
Thomas Ahn, Vice President of the Real Estate Division for the Mount Sinai Health System, represented Mount Sinai in the long-term leasing transaction with Hiro Real Estate and The Goelet Organization.
"This property is strategically located at the geographic center of the Mount Sinai Health System, offering easy access for our staff to major mass transit hubs including Grand Central Terminal," said Mr. Donald Scanlon, Executive Vice President, Chief Financial Officer and Chief of Corporate Services for the Mount Sinai Health System. "This agreement is a first step that allows us to consolidate several key departments, including Finance, Human Resources, Information Technology, Legal and other Corporate Services into modern, state-of-the-art offices. We look forward to being a part of the vibrant midtown Manhattan community."
Under terms of the lease, the Mount Sinai Health System will occupy floors 2 through 5, as well as the 9th and 10th floors.
About the Mount Sinai Health System
Mount Sinai Health System is one of the largest academic medical systems in the New York metro area, with 48,000 employees working across eight hospitals, more than 400 outpatient practices, more than 600 research and clinical labs, a school of nursing, and a leading school of medicine and graduate education. Mount Sinai advances health for all people, everywhere, by taking on the most complex health care challenges of our time—discovering and applying new scientific learning and knowledge; developing safer, more effective treatments; educating the next generation of medical leaders and innovators; and supporting local communities by delivering high-quality care to all who need it.
Through the integration of its hospitals, labs, and schools, Mount Sinai offers comprehensive health care solutions from birth through geriatrics, leveraging innovative approaches such as artificial intelligence and informatics while keeping patients’ medical and emotional needs at the center of all treatment. The Health System includes approximately 9,000 primary and specialty care physicians and 11 free-standing joint-venture centers throughout the five boroughs of New York City, Westchester, Long Island, and Florida. Hospitals within the System are consistently ranked by Newsweek’s® “The World’s Best Smart Hospitals, Best in State Hospitals, World Best Hospitals and Best Specialty Hospitals” and by U.S. News & World Report's® “Best Hospitals” and “Best Children’s Hospitals.” The Mount Sinai Hospital is on the U.S. News & World Report® “Best Hospitals” Honor Roll for 2024-2025.
For more information, visit https://www.mountsinai.org or find Mount Sinai on Facebook, Twitter and YouTube.
