Sloan-Kettering Drops $83.1 M. on Old Cabrini Buildings; Stalking Horse Demchick’s $3 M. Payday

Memorial Sloan-Kettering Cancer Center has emerged triumphant in an auction for five buildings that once housed the now defunct Cabrini Medical Center, according to a source familiar with the transaction.

Sloan-Kettering dropped $83.1 million on the buildings, totaling 450,000 square feet and bounded by East 19th and 20th streets, Second and Third avenues. Earlier this Read More

Haven No Longer: Say Goodbye Fast to the Far East Side

Ever since Peter Falk lit the opening cigarette in the 1971 Broadway version of The Prisoner of Second Avenue, the eastern reaches of the Upper East Side have been known as a haven—or hell—for modest renters. The real-estate boom has changed all of that, prompting condo conversions as far east as First Avenue and turning Read More