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Upper East Side Lab Sale Shakes NY Market | Real Estate News
Taconic Partners just sold a coveted Upper East Side property for $73 million — a site once destined to become a massive life sciences research hub called Iron Horse Labs. Originally acquired in 2021 for $70 million, the block-through property at 309 E 94th St, complete with a loft, garage, and auto shop, was set to house a 200,000-square-foot, eight-story lab complex. But with lab leasing in NYC down 84% in Q1 and the broader life sciences market cooling post-pandemic, Taconic pivoted — selling to LCOR, a multifamily developer, hinting at a potential residential future. The move underscores…
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