Brookdale Hospital

A group of Brooklyn multifamily investors purchased four residential buildings in Brooklyn from the financially pressed Brookdale University Hospital and Medical Center, for $22 million, a broker on the deal said.

The investment group led by major apartment owners David Spira and Robert Wolf closed on the purchase of the apartment buildings, located in Brownsville and East Flatbush, on Friday, said Matthew Bordwin, co-president of GA Keen Realty Advisors. Keen was the exclusive broker for Brookdale, which is being restructured. [more]

The 200-bed Peninsula Hospital Center in Far Rockaway, Queens is closing, sources tell Crain’s, and that’s just one of many outer-borough healthcare facilities facing financial difficulties. And considering St. Vincent’s recent sale, Manhattan hospitals aren’t immune to funding issues either.

The Pensinsula, at 51-15 Beach Channel Drive, is believed to be closing because it owes tens of millions of dollars to the benefit fund of its main union and vendors. One thousand employees would lose their jobs…. [more]