Healthcare Trust of America pays $12M to EmblemHealth for a clinic in Washington Heights

Healthcare Trust of America through the entity Hta-Washington Heights Mob, LLC paid EmblemHealth’s Health Insurance Plan of Greater New York’s Health Insurance Plan Of Greater New York $11.7 million for 4337 Broadway in Washington Heights. The deal closed on December 31, 2019, and was recorded on January 16, 2020. The transaction consists of 1 parcel, including the tax class health center, child center, clinic (I5). The property is 10,745 square feet. The parcel(s) have total development potential of 21,445 square feet.
The average sale price per square foot is $546.

This is EmblemHealth’s fourth sale recorded in a month, and third in which buyer HTA executes a lease with EmblemHealth’s partner, AdvantageCare Physicians.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link