Former Nursing Home in Ossining to be Auctioned

OSSINING-A 45,000 sf nursing home here, which recently shut its doors after nearly a half a century in operation, is among a number of properties in the New York metro area scheduled to be sold by auction on Dec. 18 at the Grand Hyatt Hotel in New York City, according to auctioneering firm Sheldon Good & Company Auctions LLC.

According to Jeff Hubbard, managing director of Sheldon Good & Company Auctions Northeast, the 86-bed former nursing home sits on “one of the larger contiguous parcels in the Westchester region.”

The auction for the property, which is located on 31 Overton Rd., will be an open public bid, beginning at 7 p.m. Minimum bid on the property is $850,000, with a certified or cashier’s check in the amount of $85,000 required to bid on day of auction.

Steven L. Good, chairman of Sheldon Good & Company Auctions says, “The Ossining property itself is at the highest elevation in Ossining. The asset has a replacement value of $7.5 million. We see the potential buyer as being someone interested in residential redevelopment, or it could be purchased by a developer of senior housing or within the non-profit sector. The potential is limitless.”

The former Chandler Care Center was an 86-bed licensed skilled nursing home. As part of the ownership’s expansion plans and renovation of one of its other facilities, the state approved the application to transfer the 86 licensed beds. Subsequently, the Chandler Care Center was closed on August 6, 2001 after 48 years of continuous operation as a for-profit nursing home, Sheldon Good officials note.

The auction sale does not include state-required licenses to operate the facility as a nursing home. The property consists of two connected buildings. Building A accommodated 24 residents and consisted of 20 rooms and 24 beds. Building B accommodated 64 residents in two nursing units. Unit one had 12 rooms and 24 beds, unit two had 21 rooms and 40 beds.

Sheldon Good officials add that the property, which was originally built as the Macy estate, is ideal for high-density development such as single-family homes, townhouses or an apartment building. Other uses might include senior housing, not-for-profit offices, sports and activities centers, they add.

Another notable parcel that will be put on the auction block at the Dec. 18 event is a 111-acre development site in Roxbury, N.J. that was originally on the conventional market for sale at $5.5 million. The property is zoned Light Industrial/Office Research. The property is being sold without reserve, subject to a minimum bid of $1.25 million. A certified or cashier’s check in the amount of $125,000 is required to bid on day of auction, Sheldon Good officials note.

Sheldon Good’s Director of Business Development Larry Samberg relates that some of the uses that could be developed at the Roxbury parcel include: professional offices, business offices and research facilities, manufacturing limited to assembly of finished components, packaging of finished products, fabrication of clothing and apparel, mini-warehousing/self-storage facilities, child care centers and essential services from office to industrial to assisted living. The property is located east of the International Trade Center, one of the state’s largest and most successful business parks.

Rounding out the properties slated for sale at the auction are one and two- bedroom cooperatives in Yonkers, the Bronx, andStaten Island. Also, a two-family Brooklyn residence, a three-family home in Newark, NJ and a single-family home in New Britain, CT will be auctioned.