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Buyer offers $1M for Eastern Niagara's Newfane hospital

'We were intrigued by the building and by the possibility of doing something there. It’s in great condition.'

NEWFANE, N.Y. — As it continues to reorganize through bankruptcy, Eastern Niagara Hospital has found a buyer for its shuttered Newfane hospital site.

Pending approvals from the bankruptcy court on Oct. 26, Costello Holdings will pay $1 million for the hospital, with plans that could include senior housing or assisted living, according to Matt Martin, Costello CEO.

“We were intrigued by the building and by the possibility of doing something there,” he said. “It’s in great condition.”

You can read the full article on Buffalo Business First here.

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