Vital Infrastructure Property Trust paid $89.9M or $632 per SF for the 142249-SF East New York Health Hub at 101 Pennsylvania Ave in Brooklyn. The building is a healthcare-tenanted essential-service medical office property in an outer-borough submarket.
A $632 per SF print on outer-borough MOB signals durable investor appetite for healthcare-anchored space. The buyer is a dedicated infrastructure-style property trust patient capital that treats MOB rent closer to infrastructure cash flow than cyclical office.
Medical office keeps trading on demographics and tenant stickiness rather than macro sentiment. Care delivery does not move to the cloud and healthcare tenants renew.
Implications: Expect continued cap-rate compression relative to traditional office for healthcare-anchored assets. The scarcity is in supply of well-tenanted MOB not in demand.
Key Takeaways
- Medical office prices like infrastructure because it behaves like infrastructure
- Healthcare rent is essential sticky and recession-quiet
Commercial Real Estate Direct Jul 28 2026 Brooklyn N.Y. Medical Office Property Sells for $89.9Mln
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