parkway-hospital-auction

The vacant Parkway Hospital, located at 70-35 113th Street in Forest Hills, has an uncertain future ahead of it. DNAinfo reports that the site headed to auction this January; the company 70-35 113th Street Holdings LLC nabbed the property with a $22,000,000 bid. (When we checked last summer, the hospital site had an outstanding lien of $14,860,000.) While 113th Street Holdings LLC paid the 10 percent required for a downpayment, it hasn’t come up with the rest of the cash. And according to DNAinfo, the court appointed referee is considering reopening the auction if the bidder is not able to complete the full payment.

So it’s thoroughly unclear what will happen to this site, which has sat vacant since 2008. Right now, it’s a graffitied eyesore that causes a number of complaints from nearby residents.

Former Parkway Hospital May be Headed for Second Auction [DNAinfo]
Former Parkway Hospital To Be Auctioned [Q’Stoner] GMAP

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