Bialystoker nursing center hits market for residential conversion

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(from left) Bialystoker Center and Grub & Ellis illustration of potential conversion

Lower East Side residents protested the shuttering of the Bialystoker Center nursing home yesterday, out of fear it would be turned into a luxury apartment complex. Today, Lo-Down NY reported that their worst nightmare may soon come to fruition.

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Commercial brokerage Grubb & Ellis is listing the property at 222-230 East Broadway, without a price, but call it a “highly desirable development site” ripe for residential development of more than 70,000 square feet. According to the listing, held by agents Neil Helman and Vincent Carrega, a buyer must agree to wait up to 18 months for the nursing home to completely cease operations in the facility.

Lo-Down NY also noted that the three-story office property adjacent to the nursing home at 232 East Broadway, was recently bought for $1.5 million by Matthew Adam Properties, a real estate firm headed by the chairman of the Bialystoker board, Ira Meister. [Lo-Down]

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Bialystoker nursing center hits market for residential conversion

alternate
text
(from left) Bialystoker Center and Grub & Ellis illustration of potential conversion

Lower East Side residents protested the shuttering of the Bialystoker Center nursing home yesterday, out of fear it would be turned into a luxury apartment complex. Today, Lo-Down NY reported that their worst nightmare may soon come to fruition.

Sign Up for the undefined Newsletter

By signing up, you agree to TheRealDeal Terms of Use and acknowledge the data practices in our Privacy Policy.

Commercial brokerage Grubb & Ellis is listing the property at 222-230 East Broadway, without a price, but call it a “highly desirable development site” ripe for residential development of more than 70,000 square feet. According to the listing, held by agents Neil Helman and Vincent Carrega, a buyer must agree to wait up to 18 months for the nursing home to completely cease operations in the facility.

Lo-Down NY also noted that the three-story office property adjacent to the nursing home at 232 East Broadway, was recently bought for $1.5 million by Matthew Adam Properties, a real estate firm headed by the chairman of the Bialystoker board, Ira Meister. [Lo-Down]

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