For 130 years, Mount Sinai Beth Israel (MSBI) has been a leader in medical research and providing our community with a full range of health care services. Until recently, MSBI owned 14 lots between 15th and 18th Streets between First and Second Avenues. Six lots were sold to the CIM Group (an owner, operator, lender and developer of real assets) and seven remain under MSBI’s ownership.
In 2023, Mount Sinai Beth Israel (MSBI) intends to sell two of its properties, 1 and 10 Nathan Perlman Place, as part of the hospital system’s “downtown transformation” efforts to right-size its medical services and support for New York City residents. Faced with a roughly $350 million operating shortfall over the last four years, MSBI expressed a need to downsize its overall operations by reducing the number of empty in-patient beds and increasing specialization across facilities. However, at this time, considering both the pandemic and the effect this will have on the city, MSBI is reviewing plans to shift services and sell the properties. We will provide updates as they become available.
The sale of 1 Nathan Perlman Place and 10 Nathan Perlman Place by Mount Sinai Beth Israel (MSBI) by 2023 will be one of the largest sales of real estate in Manhattan.
Services removed from our community by 2023 include: Treatment for heart disease, cancer, neurology, orthopedics, gastrointestinal disease, chemical dependency, psychiatric disorders, pain management and palliative care, and HIV/AIDS at 10 Nathan Perlman Place. Plus: psychiatric and substance abuse services at 1 Nathan Perlman Place (between15th and 16th Streets). Behavioral health and emergency services will be relocated outside of CD6 to 45 Rivington Street and 380 Second Avenue, Maternity services will be relocated.
Both the time and opportunity to act are now! Participate in community planning for Perlman Place. Join us.
In 2020, the Strategic Community Planning Committee (formerly the 197-a Working Group) engaged Bennett Midland to prepare a preliminary roadmap for engagement and outreach related to the MSBI site