Elected Officials Release Statement Confirming Nursing Home Closure

Cabrini Nursing Home, 542 East 5th Street.

More now on the story we posted earlier this afternoon concerning the apparent demise of the Cabrini Nursing Home.  Citing a source, EV Grieve reported the home would be closing in four or five months.

The following statement was just released by State Senator Daniel Squadron, Assembly Speaker Sheldon Silver, Congresswoman Nydia Velazquez, State Senator Tom Duane, Assemblymember Brian Kavanagh, Borough President Scott Stringer, Councilmember Rosie Mendez, and Councilmember Margaret Chin. Here’s the full text:

We are deeply disappointed that Cabrini will be shutting its doors after two decades of service to its patients and the Lower East Side community. We collectively and aggressively worked to encourage the parties to reach a better conclusion, and believe they should have reached an agreement to keep Cabrini open in its current location until a new site became available. This is a terrible loss for the Lower East Side, and for the greater New York City community. We’re committed to working with Cabrini and the community to ensure a smooth and dignified transition for patients, their families, and Cabrini employees.


Report: Cabrini Nursing Home to Close in a Few Months

The Cabrini nursing home provides care for 240 patients.

For the past few months, we’ve been following developments at the Cabrini Nursing Home on East 5th Street. Last year the building was sold to developer Ben Shaoul, who planned to convert the facility to luxury condos.  As we reported, negotiations were ongoing which could have preserved the nursing home. This afternoon EV Grieve reports the talks have failed:

According to an anonymous source, Cabrini has run out of options and will close its doors in four to five months. During this time, Cabrini officials will find new homes for its residents as well as placement for current day-care clients. Cabrini officials informed their employees of the impending closure today.

Head on over to EV Grieve for the rest of the story.


Morning Reads: Cabrini Deal Fails, Pickle Saga, Church/School Separation, Bowery Photos, Sticker Ban

  • Negotiations to keep Cabrini Nursing Home operating have fallen through, making its April closure likely; Ben Shaoul’s lawyer says he tried. (Local EV)
  • Another development in the historic LES pickle saga: Former Guss’ Pickles proprietor Patricia Fairhurst is opening a store in Clinton Hill, under yet another new name. (BrooklynPaper)
  • Abounding Grace Ministries is facing eviction from PS/MS 34, one of 66 religious organizations in the city losing access to public school spaces on Feb. 12, under a court ruling. (WNYC)
  • Longtime LES photographer Brian Rose shares some recent images of the Bowery. (BrianRose)
  • After 25 years, the city council outlawed those nasty yellow parking violiation stickers this week; turns out, they were born on the LES. (NYT)
  • Police are searching for suspects in two robberies that took place in spas on the Lower East Side and Washington Heights last month. (7Online)

Cabrini Nursing Home May Keep Building, Remain Open Under New Owner

The Cabrini nursing home provides care for 240 patients.

There may be some good news for Cabrini Center for Nursing and Rehabilitation Center in the East Village today, just as 2011 comes to a close.

This afternoon, we’ve received a copy of a letter from an attorney representing the owner of the building, who bought it for $25.5 million in September. The letter, a response to last week’s plea for help from local elected officials seeking to avoid closure of the low-income nursing home, reveals that the potential buyer negotiating with current owner, MM 62-74 Avenue B Owner (believed to be backed by Ben Shaoul), is actually a for-profit operator who is seeking to acquire both the nursing home operations and the real estate it occupies.

Writes Kenneth Fisher, of Cozen O’Connor:

On December 6, 2011, Cabrini’s counsel advised me that it was negotiating with a for-profit operator for the sale of its business operations, and identifying him as a potential purchaser for the real estate as well … after some discussion, and recognizing the urgency of the situation, the parties reached an understanding of what will be necessary for a transaction to occur.

Fisher goes on the caution that no deal has been inked, and asks the recipients of the letter to encourage Cabrini’s leaders and the new operator to conclude their negotiations and reach a deal as soon as possible, as the real estate sale is dependent upon the sale of the business.

Elected Officials Urge Ben Shaoul To Maintain Cabrini Home, as Re-Sale Appears Imminent

Cabrini Nursing Home, 542 East 5th Street.

Earlier this month, The Lo-Down learned the building housing the Cabrini Center for Nursing & Rehabilitation on East 5th Street recently sold for $25.5 million.  Today, the neighborhood’s elected officials are out with a letter to the new owner, Magnum Real Estate Group, expressing concern about the prospect that the company intends to sell the building yet again.

Cabrini Nursing Center Sold for $25.5 Million

The Cabrini nursing home provides care for 240 patients.

After months of speculation about the future of Cabrini Center for Nursing and Rehabilitation, the East Village’s largest elder-care home, The Lo-Down has learned its East Fifth Street building sold last week for $25.5 million.

A private company called “MM 62-74 Avenue B Owner” acquired the building in a transaction recorded in city land records Dec. 2. The firm, which was incorporated in August, lists as its address the law office of Goldberg Weprin Finkel Goldstein near Times Square.

The seller, another private corporation known as 64 B Venture and headquartered in Ann Arbor, Mich., is a family trust made up of the estates of Jacob W. Friedman and Sol Henkind, according to documents.

The six-story nursing home opened in 1993 and provides care to 240 low-income elderly residents. The potential for its closure sent waves of alarm through the neighborhood this fall, generating pledges of support from community leaders and elected officials.