Memorial Sloan Kettering To Expand On Upper East Side

UPPER EAST SIDE, NY — The Memorial Sloan Kettering Cancer Center is expanding into a brand-new medical facility on the Upper East Side, according to real estate documents filed with the city.

The hospital has agreed to a 30-year lease with an entity named YYY 62nd Street LLC for a property located at 330 E. 62nd St. near the Queenboro Bridge off-ramp, according to public real estate documents. Under the terms of the lease Memorial Sloan Kettering will be able to extend the lease by two 10-year periods.

The records, dated Aug. 11 of this year, indicate that the value of the leave is just shy of $86 million.

The lease also contains a provision under which Memorial Sloan Kettering could decide to purchase the building from its landlord, according to the public documents.

A message with Memorial Sloan Kettering was not immediately returned.

In 2014, developer YYY 62nd Street LLC filed plans to construct a 69,647-square-foot hospital on the land, according to building plans. The entirety of the development is zoned for community facility use, and the seven-story building will top out at 75-feet-tall, according to the plans.

The new building will be designed by the firm Karl Fischer Architects, according to the building plans.

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