By Sabina Mollot
The building that used to house Mount Sinai Beth Israel’s Karpas Health Information Center has been sold and will soon be demolished.
The new owner filed an application to demolish the four-story property at 311 First Avenue and 18th Street, last October, and scaffolding now surrounds the property. There is not yet an application for new development although the razing of the building, which also has nine residential units, was said to be in preparation for an unspecified “plan.”
CIM Group, a Los Angeles-based real estate investment group and private equity firm, through an LLC called 305 First Avenue (NY), bought the property last March for $27.5 million from Mount Sinai, according to Acris records.