REPORT: Hoffmann Manor Sold for $20 Million? [Rumor]

Will the Hoffmann Manor be going down the same route as Kind David Manor?

A very reliable source is telling me that the Hoffman Manor (274 West Broadway  Long Beach, NY 11561) was just sold for $20 million. The new owners (whoever they may be) plan on change, but it’s unclear whether or not that means an updated senior housing facility, condos or competition for the Allegria in the form of a hotel.

The Allegria Hotel was once King David Manor, also a senior housing facility. Developers have figured out that waterfront property is pretty rare in this neck of the woods ocean, so redevelopment of that orange and yellow building was a no-brainer. Common sense tells me that condos and hotels are worth far more than senior housing. It’s just a matter of time before the Hoffmann goes down the same path.

FYI: My source is not the same person who recently tipped me off on the alleged Jackson Hotel being sold for $10 million. Pretty interesting nonetheless, as the Long Beach skyline keeps evolving. More and more people are learning about our little city by the sea oasis, so demand for updated housing and hotel space will be needed. You can tell just by looking at the amount of surfers there are in the water this year. Has that number tripled since last summer or what? How many of these new visitors are starting to consider Long Beach their next possible home?

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5 thoughts on “REPORT: Hoffmann Manor Sold for $20 Million? [Rumor]”

  1. Whatever they decide to do (hotel/condo) they should consider some kind of restaurant / food / entertainment venue at the boardwalk level and/or rooftop. How about a McCormick & Schmick’s or a more casual seafood cafe ??

  2. Or a nice and reasonable steak House like Peter Lugers, I was there recently for Father’s Day and it was a fantastic experiences. .Or a Hotel that the people can enjoy without all the Hoop-La and bad reviews.

  3. Yea they want to invest to go bankrupt! Look at the Aqua That is what it is all about. High priced condos, maximum return. They should, they should ,they should, oy vey already!

  4. I think I watched the price on their signs go from 1,399,000 down to 999,000. Yet the same people purchased the lot next to the Allegria and will most likely do the same thing… so who knows!

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