The hospital building located at 501 Seaview Avenue in South Beach, Staten Island, was sold for $24.9 million. The property spans 48,954 square feet, resulting in a price per square foot of $509. The transaction involved the buyer, Northwell Health's Staten Island University Hospital, and the seller, John A. Porges of Ascent Real Estate Advisors.

Summary of transaction details:

• Property Type: Hospital
• Transaction Amount: $24,900,000
• Address: 501 Seaview Avenue
• Market: Staten Island
• Seller: John A. Porges - Ascent Real Estate Advisors
• Buyer: Northwell Health’s Staten Island University Hospital

The sale of the hospital building at 501 Seaview Avenue was facilitated by Area Seaview, LLC. Staten Island University Hospital, part of Northwell Health, acquired the property from Ascent Real Estate Advisors. The deal was finalized on March 28, 2024, marking a significant transaction in the Staten Island real estate market.