Jamaica Hospital, Medisys Health Network Buy Queens Office Building for $11M
Jamaica Hospital and Medisys Health Network has bought a boutique office building in Jamaica, Queens, from Top Rock Holdings for $10.5 million.
Located at 143-02 Jamaica Avenue, the 20,865 square feet building includes a usable basement space. Sponsors intend to utilize the property as a medical facility.
The transaction was facilitated by the RIPCO team, led by Michelle Abramov, Greg Batista, Stephen R. Preuss, and Kevin Schmitz. “We have been observing a growing demand in the market from medical businesses seeking to acquire their own buildings,” said Abramov, “This sale provided the buyer with a Class A boutique office building to expand their operations across Queens. The addition of 143-02 Jamaica Avenue will mark Medisys Health Network’s fourth location on Jamaica Avenue.”
Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money.
With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.