Saint Mary’s Hospital for Children borrows $76M from NYS Dormitory Authority for property in Bayside

Saint Mary’s Hospital For Children as borrower signed a loan agreement with lender NYS Dormitory Authority which assigned it to bondholders, valued at $76.1 million for 5 parcels, including the tax class hospitals, sanitariums, mental institutions (I1) at 29-15 216th Street, 29 Avenue, 28-55 216th Street, 29 Avenue, 29 Avenue in Bayside. The deal closed on November 15, 2019 and was recorded on November 21, 2019.

The DOB issued a major alteration (A1) initial temporary certificate of occupancy for the building on August 4, 2014.
Over the past five years, there have been 8 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. Of those there was one major renovation application including a certificate of occupancy change (A1) filed with a total estimated value of $15,000. There were 7 renovation/alteration projects (A2) applied for with a total estimated value of $2,253,509.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link