New York & Tri-State CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors


New York & Tri-State  + Downtown New York  + Healthcare  | 

Mount Sinai to Close and Relocate Beth Israel Campus

Mount Sinai Health System has submitted an application to the state Department of Health to close Mount Sinai Beth Israel and relocate it two blocks away as part of its $1-billion development of its downtown facilities, Crain’s New York Business reported.

Beth Israel is licensed for 683 beds, but less than half that number are in use today. After the $600-million project, the new Beth Israel facility between East 13th and 14th streets will have only 70 beds, plus its emergency room.

The facility is slated to open in 2023, and will share a campus with Mount Sinai’s New York Eye and Ear Infirmary. Mount Sinai said it’s focusing on increasing services available at outpatient facilities, rather than the less cost-efficient hospital setting.

Since acquiring Beth Israel in 2013, Mount Sinai has lost hundreds of millions of dollars on Beth Israel’s operations in the East Village and Brooklyn, Crain’s reported.

Subscribe to Connect Daily New York

For comments, questions or concerns, please contact Paul Bubny


Inside The Story

Read more at Crain’s New YorkConnect With Mount Sinai

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Development