The Real Deal New York

Ascend Group picks up former Bialystoker building for $47.5M

Seller had purchased the former LES nursing home last year for $18M

November 04, 2016 10:00AM
By Rich Bockmann

bialystoker-east-broadway

228 East Broadway

The Ascend Group picked up a trio of properties on the Lower East Side including the former Bialystoker Nursing Home for $47.5 million – more than double the price they traded for last year.

The development firm helmed by Rob Kaliner bought the properties at 226, 228 and 232 East Broadway from an LLC managed by Turtle Bay Partners principal Jon Goldberg, property records filed Thursday with the city show.

Goldberg bought the properties at the corner of Clinton Street and East Broadway for $17.96 million in August 2015, property records show.

The financially troubled nursing home shut its doors in 2011. The landmarked Bialystoker building is eight stories tall and spans more than 44,000 square feet. The adjacent Dora Cohen Memorial Park office building next door is four stories tall with about 16,000 square feet.

Kaliner and Goldberg did not return calls for comment.

Kaliner earlier this year sold a gut-renovated West Village townhouse for $23.3 million.

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