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Industry Pulse: MOB Fetches Lofty Price on NYC’s Upper East Side

New York City medical office building sells for $17 million, or $1,133 per square foot


This New York medical office building sold for $1,133 per square foot. Photo courtesy of Cushman & Wakefield

The cost of real estate in New York City compared to the rest of the country never ceases to amaze, and a recent medical office building (MOB) transaction in Manhattan confirms this notion.

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