September 16, 2009

Hospital Sells Building and Closes Down

Yesterday the sale of the building that housed Victory Memorial Hospital, on the Bay Ridge-Dyker Heights border, was recorded in public records, and the price tag—$45 million—makes it one of the biggest commercial transactions in Brooklyn this year. The story behind the sale is a sad one: The hospital had been facing bankruptcy for a couple years now, and at the beginning of September it laid off 250 workers. A person who works at the facility said Victory officially closed down on Saturday and that half of the building is now being used as a nursing home and half is being operated by SUNY Downstate Medical Center. The deal for SUNY Downstate to take over the facility was reached last year, and a spokesman for the organization said they began taking over some of Victory's operations last May. The buyers of the building are a firm called Rockaway Parkway Associates, who did not return calls for comment. Victory had been around for more than 100 years. GMAP P*Shark
Photo from Property Shark.

Posted by Gabby at 11:00 AM | Comments (5)
Categories: Bay Ridge, Commercial Real Estate, Dyker Heights, Sales

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