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business11h ago
CSC Real Estate Buys Three Medical Properties on Upper East Side
- CSC Real Estate acquired 210 East 86th Street and nearby retail spaces for about $70 million, aiming to create a premier medical office destination on the Upper East Side.
- The total deal value was reported as $70 million for the three-property package including 210 East 86th Street and the adjacent retail spaces.
- Avison Young represented the seller in the transaction.
- The 210 East 86th Street property totals about 127,000 square feet and was leased in June 2025 to New York Cancer & Blood Specialists.
- Weill Cornell Medicine also leases a portion of the building for its pediatrics center.
- CSC plans improvements and expects to reach full occupancy in the near term amid strong demand for medical space.
- The sale included the adjacent retail spaces at 206 East 86th Street and 205 East 85th Street from Perlbinder Realty.
- The property is located on Manhattan's Upper East Side amid a robust healthcare real estate market.
- The seller was represented by Avison Young in the transaction.
- The press release notes strong tenant demand and limited supply supporting value creation.
- The deal was reported by Commercial Observer, which identified the total sale price and involved multiple properties.
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