Morgan Stanley Acquires Hospital At 175 Delancey Street For $56 Million From Delancey Street Associates

The asset involved in this transaction is a hospital located at 175 Delancey Street in the Lower East Side market. The sale price for the property is $56,000,000, and it encompasses a total area of 55,377 square feet, resulting in a price per square foot of $1,011.

Summary of transaction details:

• Property Type: Hospital
• Transaction Amount: $56,000,000
• Address: 175 Delancey Street
• Market: Lower East Side
• Square Footage: 55,377
• Price per Square Foot: $1,011
• Buyer: Morgan Stanley
• Seller: Delancey Street Associates
• Seller's Representative: Adam Spies, Adam Doneger, Eric Roth, Brett Siegel, Tyler Signora & Ben Appel - Newmark

This transaction was facilitated by significant representatives from Newmark, including Adam Spies, Adam Doneger, Eric Roth, Brett Siegel, Tyler Signora, and Ben Appel, who were instrumental in representing Delancey Street Associates as the seller in this deal.