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Queens Blvd building, former site of St. John’s Hospital, sells for $125 million

Dec. 19, 2016 By Hannah Wulkan

A Queens Boulevard mixed use building, the former home of St. John’s Hospital, sold earlier this month for $125 million, according to public records.

The property, known as The Queens Pointe and located near the Queens Center Mall at 90-02 Queens Boulevard,  contains 144 residential units and 40,570 square feet of retail space.

The property was bought by Sentry at QB, a foreign company based out of Flushing.

The hospital shut down in 2009 and was purchased by a developer for more than $55 million in 2013.

Leasing on the apartments has not yet begun, but the building has 34,473 square feet of community space, part of which is currently occupied by a daycare center for children aged two through six on the second floor of the building.

It is unclear why the property owner decided to sell the property.

The purchase also includes the five-story, 250-spot parking garage across the street at 87-28 58th Avenue.

A lawyer representing the buyer did not return a request for comment on the sale or future of the building by the time of publication.

email the author: news@queenspost.com
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