As you may have read in the Nov. 3 edition of The Villager, the Cabrini Center for Nursing and Rehabilitation on East Fifth Street at Avenue B is in danger of closing.
The Villager's Lesley Sussman reported that the building's current owner is an unnamed family trust, which is in the process of selling the property.
During the weekend, an anonymous reader left a comment on our post about 515 E. Fifth St., the site of a recent protest about the illegal addition to the building. The property is owned by Ben Shaoul's Magnum Management.
Per the commenter:
We just learned that Ben has purchased the property where Cabrini Home is at 542 East 5th Street from another private owner to convert to condos. The home says their lease runs out in April 2012 and they are being forced to close. Can't anyone stop him? They want to stay but so far, no dice.
According to a neighborhood source monitoring the situation, until the deal closed this past week, no one at Cabrini knew the names of the buyer. The source said that Cabrini officials have made an offer to the previously unknown new owner to pay a substantial amount of money just to receive a lease extension — in addition to more rent.
Previously, local politicians — including Assemblymember Speaker Sheldon Silver, City Council Speaker Christine C. Quinn, City Councilmember Rosie Mendez and members of the Community Board 3 — sent a letter to attorney Kenneth Fisher, who is representing the buyer, asking for an extension of the current lease, The Villager reported.
The nonprofit, 240-bed nursing home — sponsored by the Missionary Sisters of the Sacred Heart of Jesus — provides health care for low-income elderly residents in the East Village. The location at Fifth Street and Avenue B opened in 1993. This location serves 240 patients and employs nearly 300 employees.
As The Villager noted, Cabrini officials have been planning to relocate to a still-unspecified site owned by the Archdiocese of New York in the next five years. However, without a lease extension and ample opportunity to find a new home, the facility is at risk of losing its state-issued operating license.