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St. Joseph’s Hospital sold to Irish firm for $10M

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Massey Knakal Realty Services recently released the selling price of St. Joseph's, a former branch of St. Vincent's Catholic Medical Centers, saying the hospital at 159-05 Union Turnpike went to a group of Long Island investors who are part of Galway Properties.Representatives of the Manhattan realtor said the plans for the site are still up in the air and they could vary greatly.The gradual closing of St. Joseph's began in November 2003 when St. Vincent's began laying off nurses to cut costs. By July 2004, St. Vincent's put the facility on the market for sale. "They're exploring condominiums, or they may lease it out for a long-term lease for a medical facility or a nursing home," said Thomas Donovan, executive managing director of Massey Knakal.He would not give the names of the Long Island investors who own the property, and Galway Properties could not be reached for comment at its headquarters in Ireland.The lots are located between Parsons Boulevard and 160th Street from the north side of Union Turnpike to 79th Avenue. With 101,800 square feet of space and a maximum buildable square footage of 61,080, Donovan said the owners are exploring every option from leasing the property for condos to even developing it themselves."They may keep it," he said. "If someone makes the right bid, they may sell it, they may condo it. Right now, they're not sure." Reach reporter Scott Sieber by e-mail at news@timesledger.com or by phone at 718-229-0300, Ext. 138.

Updated 7:15 pm, October 10, 2011
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