Northwell Health

People:

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Northwell Health NYC portfolio

$289.2 million* – mixed-use 85%, specialty 8%, office 5%; Manhattan 85%, Staten Island 13%

574th largest portfolio by dollar value

95,084 sqft – specialty 51%, office 42%, mixed-use 6%;

2045th largest by SF

4 properties – Staten Island 50%, Manhattan 25%, Queens 25%

1744th largest

Company Activity past 24 months:

Buyer company: 3 for $41.6 million

Developer (new building or major alteration): 1 for 102,000 square feet

Top Ten Associated Companies:

Rivercrest Realty Associates (1), University Financing Foundation (1), Episcopal Diocese of Long Island (1), Ascent Real Estate Advisors (1)

Top Ten Associated People:

Stanley Werb (1), Kevin T. Byrne (1), Lawrence C. Provenzano (1)

Recent activity as company:

• Rivercrest Realty Associates sold 500 Seaview Avenue, Midland Beach, Staten Island for $15.5 million to Northwell Health on September 09, 2024.

Northwell Health for Salvatore Bartellino filed plans for new building for 102,000 sqft in Glen Oaks, Queens, on October 17, 2024.

• Ascent Real Estate Advisors sold 501 Seaview Avenue, South Beach, Staten Island for $24.9 million to Northwell Health on March 28, 2024.

Episcopal Diocese of Long Island sold N/A Nassau Boulevard, Glen Oaks, Queens for $1.2 million to Northwell Health on November 15, 2023.

University Financing Foundation sold 1329-1347 Third Avenue, Lenox Hill, Manhattan for $247.6 million to Northwell Health on March 30, 2023.

Properties:

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*The Portfolio Value is a PincusCo estimate based on a property’s recent sale or loan, or multiplying the city’s Market Value by two.

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