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Meanwhile, 150 E. 42nd St. Is On the Block

NEW YORK CITY-Just after Mount Sinai announced it secured a sizeable lease for space at the Midtown tower, it came to light that the building is up for sale.

By Rayna Katz | Updated on March 18, 2014

NEW YORK CITY—Just as news broke that Mount Sinai Hospital agreed to take 450,000 square feet at 150 E. 42nd St., it was revealed that the property was up for sale. Known as the Socony-Mobil Building, the property is on the market for around $900 million, according to Bloomberg.com.

Owner Hiro Real Estate Co., a Japanese investment firm, is working to sell the long-term leasehold, which would give the buyer rights to control the 1.7 million-square-foot landmarked tower, say sources familiar with the seller. Hiro leases the ground on which the tower stands from the Goelet family.

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