A Rego Park-based realty company seized the shuttered Parkway Hospital property with a $1 million bid during a foreclosure auction in Queens Civil Court last Friday.
The same firm, Auberge Grand Central Limited Liability Company, purchased the defunct hospital’s mortgages for $6.5 million in 2012 and then had a firm assess the 56,400-square-foot lot’s market rate at $6 million, court documents show.
After emerging from a brief bidding war, a representative from Auberge Grand Central said he was contractually prevented from discussing plans for the property.
The firm previously said it wanted to transform the six-story building into condominiums through a partnership with Jasper Venture Group LLC.
5 comments:
Let's keep a very close eye on this.
Did deSleazio or MMV orchestrate this?
Is is a giveaway to one of their "friends"?
Those two just ooze corruption and sleaziness!
How many affordable units will be in this development?
The city will buy it for $2million and turn it into a homeless shelter!
I can place a bet on this that it will be a "Homeless Shelter" you wait and see --
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