Parkway Possibly Back On The Auction Block

BY LUIS GRONDA
Staff Writer

The building that housed the former Parkway Hospital in Forest Hills could be back on the auction block after the company who won the bid failed to pay the money it owes.

According to Michael Cohen, a spokesman for Councilmember Karen Koslowitz (D-Forest Hills), the company that bid $22 million earlier this year at a foreclosure sale, listed as 70-35 113th Street Holdings LLC, paid the initial 10 percent down payment, or $2.2 million, required after winning the bid. But they have missed payment deadlines in February and March since then, creating uncertainty about the property’s future.

Parkway Hospital could be up for auction again after the company who won the bidding has failed to pay fees associated with buying the vacant building.

Parkway Hospital could be up for auction again after the company who won the bidding has failed to pay fees associated with buying the vacant building.

The hospital, which clocks in at 70,000-square-feet, was the only privately-owned hospital in New York City until the New York State Commission on Healthcare Facilities mandated that it close. Supporters of the facility lost the fight to keep Parkway open and its doors shuttered in 2008. The building has been vacant since then and has fallen into disrepair.

Cohen said the receiver assigned to the situation, Joseph Risi, said he has two options: he could give the company more time to pay the money owed, although Risi already gave them a one-month extension after the company missed the February deadline; or they can return the money the company already paid and put it up for auction again.

He said Risi met with Koslowitz last week to discuss those options, but a decision has not yet been made.

A representative from the LLC’s attorney, Ann Hsiung, said they could not speak about the case to the media without their client’s permission.

Phone calls made to Risi were not returned as of press time.

Reach Luis Gronda at (718) 357-7400, Ext. 127, lgronda@queenstribune.com, or @luisgronda.