By Craig Giammona
The building, located at 88-25 153rd St., was acquired by Wyckoff Heights Medical Center when the hospital took over Mary Immaculate on Jan. 1. David Hoffman, a vice president at Wyckoff, said the building was immediately sold by the hospital following the takeover. The $10 million in cash generated by the sale is being used to run Mary Immaculate and St. John's Hospital in Elmhurst, which was also acquired by Wyckoff, Hoffman said.Hoffman said Wyckoff considered refurbishing the building but eventually decided that the renovations would be too costly.”It's a very old building that would have required millions to renovate,” Hoffman said.The deal was announced Monday by Massey Knakal, the real estate company that brokered the deal. City records indicate Wyckoff sold the building to Park Haven LLC for $10 million.There is no name attached to Park Haven LLC on the city records available online, but the address listed is shared by Zara Realty, which is run by George Subraj. Subraj owns several buildings in Jamaica and there have been some questions about his management practices.Subraj was not immediately available for comment Tuesday. A woman who answered the phone at Zara said Subraj had gone home for the day.Hoffman said the building was previously known as Parsons Manor and was used by Mary Immaculate as administrative offices and residences for hospital staff.Massey Knakal said the building contains a total of 96 apartments, 66 of which were being used as offices. The offices will be converted back into apartments, according to Massey. The building features indoor parking for 30 cars, Massey said.Reach reporter Craig Giammona by e-mail at news@timesledger.com or by phone at 718-229-0300, Ext. 146.
