An 89-year-old Long Island widow who sold her family’s house to pay the nearly $1 million fee to live at a local retirement home had to move out of the facility after it fell into bankruptcy — one of hundreds of residents nationwide who have lost their nest eggs.
Arlene Kohen moved into Harborside, a luxury senior community in Port Washington, in January 2020 after selling her family’s home in Great Neck for $838,000 to afford the required $945,000 entrance fee.
Harborside, which filed for bankruptcy three times — in 2014, 2021 and 2023 — had assured her that 75% of the entrance fee would be refundable to her heirs or returned if she left the facility.
Arlene Kohen, 89, was evicated from a retirement home on Long Island after it went bankrupt. CBS New York
By the end of her stay, she was also paying $5,700 in monthly fees,