Administrators discussed some details of their plan at a community board meeting Thursday night. Saying while the current 825-bed hospital would indeed shut down — it would be replaced by a new, smaller facility nearby.
Still, many question what they see as a drastic reduction in service.
"Now they say no we're not going to be closed, but the admissions part of it, the in-house beds are going to be closed, reduced from 825 to 70," said one woman.
"I see the poor, the needy and the elderly is going to be the ones who have to travel up to Roosevelt, to all these different hospitals and the ones that's paying market rent down here they are going to be the ones that have the luxury to lay up in the new hospital with only 70 beds," said another.
The building currently consists of a ground floor retail space with residential apartments on the upper floors. The retail is currently leased to Ray's Gourmet until February 2021 who pays $7,957 per month, or $102 per square foot which is below market. There are preliminary plans to expand by increasing the retail square footage to approximately 2,115 square feet (when space becomes vacant).
The preliminary plans for the above floors call for eight apartments of which two (2) will be three-bedroom units, two (2) will be two-bedroom units, and four (4) will be one-bedroom units.
201 Second Avenue presents the opportunity to capitalize on a neighborhood commanding in excess of $85/SF for residential rents and over $2000/SF for new condo units. The building is less than one block from the L train stop at 14th Street, next door to Momofuku Ssam and has close proximity to Union Square.
Real estate sources say the sale, which is expected to include that full block bordered by First and Second avenues and East 16th to East 17th streets, will also include other First Avenue properties.
While it lies opposite Stuyvesant Town/Peter Cooper Village ... the campus is also opposite the leafy and elegant Stuyvesant Square Park, making residential options enticing, especially as Stuy Town’s new owner, Blackstone, has plenty of air rights toward seeking landing strip.
