New Markets Tax Credit Coalition

Rockaway Beach Medical Arts Campus

A transformative, $25 million, 55,000-sq. ft. state-of-the-art medical arts complex providing high-quality health care services to an underserved low-income community in a Federal Medically Underserved Area in the Rockaways, Queens.

Investment

  • NMTC Amount: $9,000,000
  • Total Project Cost: $25,000,000

IMPACT

  • 100 FTE jobs
  • 51 construction jobs
  • 31,550 patients served
  • 55,000 sq. ft. of real estate

Investor

Project Description

A transformative, $25 million, 55,000 sq. ft. state-of-the-art medical arts complex providing high-quality health care services to an underserved low-income community in a Federal Medically Underserved Area in the Rockaways, Queens. The new health care facility will fill a significant health care void created when Peninsula Hospital closed in 2012 as a direct result of Hurricane Sandy. The facility provides primary & specialty care, an ambulatory surgery center, dialysis, lab, imaging, and physical therapy services with nonprofit South Nassau Communities Hospital as the anchor tenant. $9 million NMTC allocation. Key Impacts: Estimated 51 construction jobs and 100 FTE permanent jobs. Healthcare services for approximately 5,000 low-income community members annually.

MAP

Address: 105-20 Rockaway Beach Boulevard, Queens, NY 11694

Census Tract: 36081093800

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