David Schechtman has already received 172 phone calls for a 37-acre tract of vacant Harrison land priced at $9 million.
And that”™s before it officially went on the market.
“Right now it”™s so nascent, it”™s amazing the response we”™ve gotten,” said the principal and senior director at Eastern Consolidated in New York City, the real estate investment firm retained by St. Vincent”™s Hospital Westchester to sell the undeveloped grounds of its Westchester campus.
St. Joseph”™s Medical Center in Yonkers paid $38 million in October for the 138-bed psychiatric facility and 29 acres of the campus”™ 66 total acres.
The parcel of land is situated squarely between Westchester Country Club and Willow Ridge Golf Club.
“It”™s 37 acres in an affluent neighborhood so rarely offered ”“ it”™s bounded by two golf courses,” Schechtman said.
He has fielded calls from high net-worth individuals and developers, all expressing interest in the vacant piece of land.
“I think right now, it will most likely be a residential development, but we never know.”
Town of Harrison Supervisor Joan Walsh said the town does not have any knowledge of the proposed 37-acre sale, but that “Currently, the property is zoned 1-acre residential and anything else would require various approvals.
St. Joseph”™s Medical Center did not respond to requests for comment.
St. Vincent”™s Catholic Medical Center in Greenwich Village, the parent company of St. Vincent”™s Hospital Westchester, filed for bankruptcy protection for the second time last April and shuttered just a few years after its initial filing.
According to The Wall Street Journal, St. Vincent”™s Catholic Medical Centers”™ 3-acre site in Manhattan has received court approval for a $260-million sale of the shuttered property to Rudin Management Co., $110 million of which will be developed by North Shore-Long Island Jewish Health System, into an emergency-care facility.
Healthcare Finance Group L.L.C. recently extended a $7.5 million term debt facility to St. Joseph”™s Medical Center in support of expansion following the St. Vincent”™s acquisition.
“Saint Joseph’s has been extremely dedicated to the successful execution of its acquisition of St. Vincent’s and to its strategy of expanding its behavioral health services to its community,” said Claudia Gourdon, senior vice president of specialty lender HFG, in a prepared statement. “Saint Joseph’s management, staff and Board members are to be commended for their proven ability to work through complicated issues for the benefit of the community they serve.”
