Harborside Retirement Community Sold For $82 Million: Report

PORT WASHINGTON, NY — The Harborside retirement community in Port Washington was approved for sale on Thursday by a federal bankruptcy judge, Newsday reported.

The $82-million deal keeps residents at the facility. Residents and families of deceased residents will received 25 percent of their entrance fee returned to them, Newsday said.

There was a concern that people who lived at Harborside could be displaced, Newsday said.

Focus Healthcare Partners LLC, the buyer, said they anticipate closing the deal within the next two month, Newsday reported.

Click here for more on the Newsday article.