4501 Vernon Groung Lessor LLC Acquires Hospital In Hunters Point Queens For $95M
10-01 45th Road
$95,000,000
$1,055/SF
Building Size
90,000 SF
Asset Type
Hospital
Closing
Sep 8, 2026
About this deal
AI
A hospital property located at 10-01 45th Road in Hunters Point, Queens, has been sold for $95 million. The asset spans a total of 90,000 square feet, resulting in a price per square foot of $1,056. The transaction was finalized on September 8, 2026.
Summary of transaction details:
- Property Type: Hospital
- Transaction Amount: $95,000,000
- Square Footage: 90,000
- Price Per Square Foot: $1,056
- Buyer: 4501 Vernon Groung Lessor LLC
- Seller: Heidi Holterbosch
- Market: Hunters Point, Queens
- Sale Date: September 8, 2026
This transaction involved Heidi Holterbosch as the seller and 4501 Vernon Groung Lessor LLC as the buyer. The deal reflects institutional buyer activity in the market, emphasizing the significance of large-scale healthcare assets in the area.
Players
Long Island City Hospital Market Snapshot
Boundary boundary · Hospital · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.17%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93