Memorial Sloan Kettering Cancer Center is buying two-thirds of NYC's Lipstick Building on Third Avenue for $300M from SL Green.
The hospital is acquiring 430K of the 34-story, high-profile building, which earned its nickname from its distinctive oval shape and pink marble façade, the NY Post reported.
The building gained notoriety in 2008 when its upper floors served as the headquarters for the investment firm of Ponzi-scheme swindler Bernie Madoff before he was arrested and relocated to a federal prison.
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