Following yesterday's rally at the Bialystoker Center for Nursing & Rehabilitation on East Broadway—in which residents and workers protested the closure of the 80-year-old facility over the fear that its non-profit board "is determined to turn the site into a luxury apartment complex"—The Lo-Down digs up the broker listing for the troubled building. Listed with Grubb & Ellis, the lot is pitched as a "highly desirable" residential location:
"The approximately 11,886-square-foot land area on which these lie will therefore be available for development; under current zoning the site can accommodate a residential development of up to 71,554 square feet or 77,259 square feet with a community facility component."The sketchiness resides with board chairman, Ira Meister, who is also the owner of Matthew Adam Properties, a real estate firm that just so happens to share an address with the LLC that paid $1.5 million for the three-story medical office building next door to Bialystoker last year.
· Broker is Pitching Bialystoker Home as a Residential Development Site [The Lo-Down]
· Protest Over LES Nursing Home Closure [Curbed]