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Rockaways Medical Arts Complex

Rockaways Medical Arts Complex

Type

Commercial/Office & Healthcare

Location

Queens, NY

Est. Project Cost

$30.0 million

Size

55,500 SF

Public Financing

New Markets Tax Credit, City

Sponsor

Community Healthcare Associates

Private Financing

Bond Financing

Transit-Oriented Healthcare Development

The $30 million Rockaways Medical Arts Complex was developed in response to the closure of local hospitals following Superstorm Sandy. This 55,500 square foot facility provides comprehensive services including outpatient surgery, primary care, physical therapy, pharmacy, and diagnostics. Monge Capital structured bond and NMTC financing to restore vital healthcare access to the Rockaways.

Estimated Economic and Social Impact

Over 100 permanent jobs and over 100 construction jobs.

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