HABITAT
Nursing Home Scam Spreads to Brooklyn
Allure Group, the for-profit nursing home company that flipped a Lower East Side AIDS hospice to luxury condo developers for a $72 million profit, has been subpoenaed for a similar shady deal in the Bedford-Stuyvesant section of Brooklyn.
State Attorney General Eric Schneiderman has issued subpoenas to determine whether the Allure Group misled state officials in its handling of a nonprofit Nostrand Avenue nursing home that it bought for $15.6 million, the Daily News reports. Three months after the sale, though Allure had promised to continue to run the facility as a nursing home, the contractor Park Premium Builders filed for a “full demolition” permit so it could erect a seven-story, 241-unit apartment building – none of it billed as affordable.
At the Rivington House AIDS hospice in Manhattan, Allure paid the city $16 million to lift a deed restriction that had required the property to remain a nonprofit care facility in perpetuity. The city and state are now investigating the lifting of that deed – and Allure’s $72 million profit that followed. Stay tuned.
Board Talk
Engage, enrage, ask questions and give answers with your community of board members. Submit your questions and comments here!
Habitat Week by Week
Co-op and condo board business broken down into bite-sized bits - 2 stories each week. Read now on all digital devices.
Ask the Experts
learn moreLearn all the basics of NYC co-op and condo management, with straight talk from heavy hitters in the field of co-op or condo apartments
Professionals in some of the key fields of co-op and condo board governance and building management answer common questions in their areas of expertise
Subscribe
join nowGot elected? Are you on your co-op/condo board?
Then don’t miss a beat! Stories you can use to make your building better, keep it out of trouble, save money, enhance market value, and make your board life a whole lot easier!