Allure closes on Harlem nursing home purchase following settlement with AG

Sale was halted in 2016 amid investigation into Rivington House scandal

TRD New York /
Jul.July 05, 2018 02:10 PM

The Greater Harlem Nursing Home & Rehabilitation Center and Allure Group’s Joel Landau

The Allure Group closed on its $25 million purchase of the Greater Harlem Nursing Home following a settlement with the state Attorney General’s office earlier this year.

Allure, led by Joel Landau, sealed the deal for the Greater Harlem Nursing Home & Rehabilitation Center at 30 West 138th Street on June 27, property records filed with the city Thursday show.

The company had signed the contract back in March 2014, but as Allure became embroiled in controversy over its Rivington House deal, Attorney General Eric Schneiderman’s office put the brakes on two deals the company was working on.

Property records do not indicate that Allure has closed on the other property, the Saints Joachim and Anne Nursing and Rehabilitation Center in Coney Island at 2720 Surf Avenue.

Schneiderman’s office in January announced it reached a settlement with Allure over the investigation, requiring the company to revitalize the Harlem nursing home and open new healthcare facilities in Brooklyn and on the Lower East Side.

Allure was required to pay $750,000 in penalties and $1.25 million to Lower East Side nonprofits.

In 2015, Allure paid the city $16 million to lift deed restrictions from the Rivington House so it could sell the property to investors led by Slate Property Group. The AG’s office investigated, and found that Allure “did not operate in compliance with the New York Not-For-Profit Corporation Law.”

Schneiderman, meanwhile resigned from office in May amid allegations that he had physically and emotionally abused romantic partners.


Related Articles

arrow_forward_ios
Photo illustration of Sen. Brian Kavanagh (Credit: Kavanagh by Albin Lohr-Jones/Pacific Press/LightRocket, Getty Images, iStock)

Lawmakers skip #CancelRent in favor of more modest bills

Lawmakers skip #CancelRent in favor of more modest bills
The process for challenging property assessments is so antiquated, officials won’t do Zoom meetings. (iStock)

“A recipe for disaster”: Fighting property taxes in a pandemic

“A recipe for disaster”: Fighting property taxes in a pandemic
Andrew Florance, CEO of CoStar (Photo by Jeffrey MacMillan for the Washington Post)

EXCLUSIVE: CoStar’s Andy Florance on buying Ten-X, the future of office buildings and why brokers don’t need discounts

EXCLUSIVE: CoStar’s Andy Florance on buying Ten-X, the future of office buildings and why brokers don’t need discounts
An institutional investor’s sale of a 7 percent stake in an exchange-traded real estate fund reveals deep concerns about the sector. (Credit: iStock)

Mystery investor dumps big stake in real estate fund

Mystery investor dumps big stake in real estate fund
Thor Equities’ big bet on Fulton Market is paying off

Thor Equities’ big bet on Fulton Market is paying off

Thor Equities’ big bet on Fulton Market is paying off
CEO Andrew Florance (Credit: CoStar via YouTube)

CoStar buying Ten-X for $190M

CoStar buying Ten-X for $190M
Small landlords, such as Jan Lee, a New York landlord who owns two buildings, say Wall Street players will take their place unless rent relief comes soon. (Credit: Twitter; background via BRYAN R. SMITH/AFP via Getty Images)

Small landlords call for rent relief package, fearing Wall Street takeover

Small landlords call for rent relief package, fearing Wall Street takeover
Cohen Brothers Realty president and CEO Charles Cohen and Cushman & Wakefield Chairman of Global Brokerage Bruce Mosler

Hear from billionaire Charles Cohen on today’s TRD Talk

Hear from billionaire Charles Cohen on today’s TRD Talk
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...