Gowanus Lounge: Serving Brooklyn

LICH Selling Off Huge Amount of Cobble Hill Property

January 26th, 2009 · No Comments

[Photo courtesy of Property Shark]

The talk of Cobble Hil and Carroll Gardens this weekend–at least among those who pay attention to real estate in the neighborhoods is a Friday report that Continuum Health Care, the company that owns Long Island College Hospital, has put a large number of properties on the market via Grub & Ellis. The story was written by Barbara Benson of Crain’s Health Pulse and since we don’t have a link, we’ll direct readers to the LICH Watch blog. In any case, here are the details:

Offered by Grubb & Ellis on an all-cash basis, the properties include 74, 76-78, 82 and 86 Amity St., and 113 Congress St. Of those, 74 Amity is a 12-unit walk-up apartment house; the others are townhouses. Also for sale is 43 Columbia Place, a four-story, 11-unit walkup. The last is 385-389 Hicks St., a one-building site that can be developed to about 23,000 square feet. Most of the buildings are vacant or will be by July.

We looked but couldn’t find the properties listed online yet by Grubb & Ellis. One of the biggest charges against Continuum was that it was more interested in selling off LICH’s valuable real estate in Cobble Hill than in continuing to operate it as a hospital. Most of the buidings on the block in the photo above are on the market.

Tags: Cobble Hill