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
The Mount Sinai Health System is an integrated health system committed to providing distinguished care, conducting transformative research, and advancing biomedical education. Structured around seven hospital campuses and a single medical school, the Health System has an extensive ambulatory network and a range of inpatient and outpatient services—from community-based facilities to tertiary and quaternary care.
The System includes approximately 7,100 primary and specialty care physicians; 12 joint-venture ambulatory surgery centers; more than 140 ambulatory practices throughout the five boroughs of New York City, Westchester, Long Island, and Florida; and 31 affiliated community health centers. Physicians are affiliated with the renowned Icahn School of Medicine at Mount Sinai, which is ranked among the highest in the nation in National Institutes of Health funding per investigator. The Mount Sinai Hospital is in the "Honor Roll" of best hospitals in America, ranked No. 15 nationally in the 2016-2017 "Best Hospitals" issue of U.S. News & World Report. The Mount Sinai Hospital is also ranked as one of the nation's top 20 hospitals in Geriatrics, Gastroenterology/GI Surgery, Cardiology/Heart Surgery, Diabetes/Endocrinology, Nephrology, Neurology/Neurosurgery, and Ear, Nose & Throat, and is in the top 50 in four other specialties. New York Eye and Ear Infirmary of Mount Sinai is ranked No. 10 nationally for Ophthalmology, while Mount Sinai Beth Israel, Mount Sinai St. Luke's, and Mount Sinai West are ranked regionally. Mount Sinai's Kravis Children's Hospital is ranked in seven out of ten pediatric specialties by U.S. News & World Report in "Best Children's Hospitals."