Maimonides Medical Center has leased a new 54,000-square-foot office building from Joshua Markovics at 5402 Fort Hamilton Parkway, Brooklyn. The seven-story building, developed by Markovics of Royal Builders Development, features a roof deck and underground parking. Maimonides will consolidate its back-office operations here and use part of the space for retail. Broker Nick Zweig facilitated the 30-year synthetic lease, designed to avoid property taxes due to the nonprofit status of Maimonides. Markovics acquired the property for $6.2 million in 2021 and secured a $15.5 million construction loan from Ponce Bank.
5402 Fort Hamilton Parkway
