St. Vincent’s building sells for $67M

St. Vincent’s Hospital in Manhattan has auctioned off its apartment building at 555 Sixth Avenue in Greenwich Village for $67.3 million, to a unit of Stonehenge Partners, Crain’s reported. A hearing will be held at the U.S. Bankruptcy Court Thursday to approve the sale of the 180,000-square-foot building, according to court papers filed yesterday. If the auction result is approved, the sale is scheduled for July 15. Last week, 23 bids were submitted for the property, many topping a $48 million offer
from Taconic Investment Partners. Grubb & Ellis is handling the sale.
St. Vincent’s filed for bankruptcy in April,
saying it would be selling its assets and auctioning off the property,
with proceeds from the sale going to pay back creditors. [Crain’s]