NYC Real Estate News

Mon, 06/17/2024 - 05:33

CULTURALLY COMPETENT CARE CONTRACT: The city’s Department for the Aging awarded a $8.3 million contract to Queens Village-based social service agency Services Now for Adult Persons. The group will be tasked with assessing the needs of older adults in a culturally competent way and coordinating resources, according to a notice in the City Record.

HOMELESS NUMBERS: There were about 4,140 individuals experiencing unsheltered homelessness in the city in January, according to to a new survey released by the Department of Social Services and Homeless Services. The number is the second-highest on record, since data collection started in 2005.

ROBOTIC SURGERIES: Long Island Community Hospital in Patchogue is set to announce its 1,000th robotic surgery today as it inches closer to a full asset merger with parent company NYU Langone. NYU entered a partnership with Long Island Community Hospital in 2021, and has since invested at least $100 million in improving infrastructure and quality metrics. The hospital is planning to complete its merger with NYU Langone by spring of next year. 

Mon, 06/17/2024 - 05:33

A Williamsburg nonprofit that serves people with disabilities is offloading all of its adult residential treatment facilities by early September.

Little Flower Children and Family Services, which provides foster care and behavioral health services to adults and youth with disabilities, is planning to lay off 98 workers and close nine facilities in Long Island and Queens, according to a notice filed to the state Department of Labor last week.

Eight of the residential treatment facilities slated for closure will be transferred to another nonprofit, said Katherine Heaviside, a spokeswoman for Little Flower. The four residents who live in the ninth facility will be transferred to other residential facilities.

The bulk of workers being laid off are direct care workers, Heaviside said. The number of workers it employs is no longer financially sustainable, she added –  at one of its facilities, it employs 28 direct support workers to care for four adults.

Faced with financial challenges, Little Flower has decided to shift its focus entirely to youth services and an expansion of mental health care, Heaviside said. The nonprofit expects all of the direct care workers being laid off to be offered a job by new management.

But Little Flower faces another financial vulnerability. It’s been hit with dozens of child sex abuse lawsuits under the Child Victims Act, a law that extended the statute of limitations for individuals to file civil abuse cases. 

Heaviside said the suits have nothing to do with Little Flower’s decision to scale back its residential locations.  

The nonprofit employed 605 workers as of June 2022, and brought in $53 million in revenue during that time period, its most recent tax documents show. 

Mon, 06/17/2024 - 05:33

Mount Sinai’s decisions to downsize, close and move once-profitable services at Beth Israel are to blame for the hospital’s financial ruin and pending closure, according to a new report.  

The report, released by the Save Beth Israel and New York Eye & Ear Campaign, a coalition of advocates and health care professionals, accuses the hospital system of “actively undermining and dismantling” Beth Israel after acquiring the hospital from Continuum Health in 2013. The report challenges the notion that Mount Sinai must close Beth Israel due to insurmountable financial losses.

The steepest year-to-year decline in patient revenue, $142 million, took place between 2016 and 2017 when the hospital made changes to typically profitable services. For example, in 2016, the hospital decertified 26 rehabilitation beds, and in 2017 it decertified 25 pediatric beds, 31 neonatal beds and 42 maternity beds, while closing its cardiac surgery unit, according to the analysis. The report is based on the hospital’s 990 federal tax filings and audited financial statements.

The health system vehemently disputed the report’s findings. Loren Riegelhaupt, a spokesman for Mount Sinai, called the accusations “patently false” and part of a “larger conspiracy theory.”

Riegelhaupt said Mount Sinai’s decision-making has been driven by low patient volumes and the “inherent risk” to patient safety.

“We started moving those services in 2016 to other Mount Sinai hospitals that specialize in that type of care to ensure the best quality care for our patients, which was vetted and approved by the [state Department of Health] at the time,” he said.

Mount Sinai hopes to close Beth Israel on July 12, but state officials have not approved the closure, and the coalition that published the financial analysis is suing, either of which may compromise the timeline.

The coalition called on the Department of Health to “recognize that the current financial and operational challenges at [Beth Israel] result from deliberate management and decision-making by [Mount Sinai] leaders.”

The Mount Sinai system was investigated by the state earlier this year for prematurely ending services, and said Beth Israel has been understaffed as clinicians leave the hospital for new opportunities.

Mount Sinai Health System CEO Dr. Brendan Carr said at a Crain’s event on Thursday that he “loses sleep” thinking about how long the hospital can continue to operate with a reduced staff.

The health system is currently awaiting a response from the state on its revised closure plan. The lawsuit, which resulted in a cease and desist order from a Manhattan judge, is expected to play out through the summer.

Mon, 06/17/2024 - 05:05
A 1949 cottage in Lake Arrowhead, a Spanish-style home in Los Angeles and a Craftsman house in Berkeley.
Mon, 06/17/2024 - 05:02
An engineer who moved from London to New York was planning to live alone, but ended up doing just the opposite — and loving it.
Sun, 06/16/2024 - 14:24
Has your mortgage come back from the dead? It probably wasn’t really gone, it was likely just hiding.
Sun, 06/16/2024 - 12:22
As the Supreme Court weighs whether cities can criminalize sleeping outdoors or in tents, Los Angeles is attempting to combat homelessness with tiny homes that some people criticize as inadequate and even ‘inhumane.’
Sun, 06/16/2024 - 08:00
Construction has reached street level on 14+C, a 24-story residential building at 644 East 14th Street in the Alphabet City section of Manhattan's East Village. Designed by Fischer + Makooi Architects and developed by Madison Realty Capital, the 200,000-square-foot structure will yield 196 rental units in studio to two-bedroom layouts, with an undisclosed portion reserved for affordable housing, as well as ground-floor retail space. The property is located at the corner of East 14th Street and Avenue C.
Sun, 06/16/2024 - 07:30
Construction has begun to rise on 280 Eighth Avenue, a 12-story residential building in Chelsea, Manhattan. Designed by SLCE Architects and developed by Red Apple Group under the RA 280 Development LLC, the 113-foot-tall structure will span 58,021 square feet and yield 64 rental units with an average scope of 819 square feet, as well as 4,642 square feet of commercial space, 947 square feet of community facility space, a cellar level, and a 24-foot-long rear yard. The property is situated at the corner of Eighth Avenue and West 24th Street.
Sun, 06/16/2024 - 07:00
Brookfield Properties recently celebrated the opening of Bankside Park, a new public park in Mott Haven, The Bronx. The park is part of the 4.3-acre Bankside development and provides the community with direct access to the Harlem River waterfront for the first time in over a century.