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Deals & Dealmakers Leases

School of Medicine expands at Hirschfeld office building

The Icahn School of Medicine at Mount Sinai Hospital has expanded to 12,000 s/f on the second and third floors at 207 East 94th Street.

Elie Hirschfeld, president of Hirschfeld Properties, owner of the building, said the lease is for an additional ten years.

The 50,000 s/f building is fully occupied. The asking rent was $55 psf. The medical school is using the space primarily for its pediatrics, cardiology, hematology and oncology divisions.

The tenant wanted a location within a few blocks of the main hospital center and convenient to both the Lexington Avenue subway and the new Second Avenue subway, points out Mr. Hirschfeld.

“Several entities were seriously interested in the space, but Mt. Sinai occupies other space in several of our properties, and is among our most prestigious tenants, so we decided to choose the school,” Hirschfeld said.

“It has the second floor of our building at 1490 Madison Avenue and is also adjacent to their Hess Center at the Icahn School at 1470 Madison Avenue. The new Mt. Sinai Parenting Center is now located at 207 East 94th Street, on the second floor.”

207 East 94th Street has a newly-renovated facade , lobby and common areas.

The Manhattes Group represented the landlord in the lease. Cushman & Wakefield represented the tenant.

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