Baxter Offers Building To RP Hotel
Baxter, however, as reported last week, claimed he would never sell the Baxter Hotel building to the Rockaway Park Hotel under any circumstances. This further confuses the question of Baxter’s real intentions for the property, which is currently listed for sale. Or is it?
Deutchman says he thinks Baxter is serious about selling the building and expects him to make another offer for him to buy it, but not for $3 million. Deutchman did display an interest in obtaining the building for the same purpose that the Rockaway Park Hotel serves.
“He’s looking for crazy money,” Deutchman said. “That property is probably worth in the low $1 million range. He thinks the building has value, but it really doesn’t.”
The Rockaway Park Hotel tenants were hand picked by the operator and receive government subsidies. Guaranteed rentals, as Deutchman called it once before. Some of those guaranteed rentals attend rehabilitation programs.
However, with uncharacteristically limited resistance by the Rockaway community, the tenants moved in towards the end of the summer. But Deutchman defends the property. It’s a “controlled facility” he says and even feels his tenants have improved the local economy.
“If anything we have added revenue to Beach 116 Street at the local deli and pizzeria.”
Deutchman plans to talk with Baxter some more when the price becomes more realistic.
“He’ll come back in a year,” he said.