Word is that Stately Shaoul Manor — aka the rental Bloom 62 — is about to go condo.
The Real Deal has the scoop on developer Ben Shaoul's plans for the building on Avenue B at East Fifth Street:
Shaoul, president of Magnum Real Estate Group, filed plans for an 81-unit condominium that will have a total sellout of $95.2 million, according to a summary of the offering plan filed with the state Attorney General’s office ...
Back in March, we reported that Shaoul put Bloom 62 on the market … with an $80 million asking price for the former Cabrini Center for Nursing and Rehabilitation. However, after curtailing the building's rooftop ragers, Shaoul pulled Bloom off the market.
Units at Bloom currently range from a one-bedroom apartment for $3,300 all the way up to a four-bedroomer for $7,395, per Streeteasy. The listed building amenities mention the roof deck with outdoor shower (drat!), a fully equipped gym, yoga room and storage units.
Before becoming a luxury rental, the building was home to Cabrini, which closed for good on June 30, 2012. The 240-bed center — sponsored by the Missionary Sisters of the Sacred Heart of Jesus — provided health care for low-income elderly residents in the East Village. Cabrini opened in 1993 and served 240 patients and employed nearly 300 people. Shaoul reportedly paid $25 million for the property and closed down Cabrini.
Bloom 62 will join Shaoul's other East Village condos — the A Building on East 13th Street and the incoming 98-100 Avenue A.
Previously on EV Grieve:
Claim: Ben Shaoul is the new owner of Cabrini nursing home, will convert to condos
Report: Local politicians reach out to Ben Shaoul as re-sale of the Cabrini Nursing Center seems likely
More details on Cabrini's closing announcement
A look at the 'Hip young crowd planting roots at Bloom 62'
Ben Shaoul looks to make a whole lot of money converting nursing home into high-end housing
Ben Shaoul is selling Bloom 62 for $73 million — all cash!