Reader Reports Overnight, Has The Valley Hospital Becomes Ridgewood’s Largest Taxpayer?
Overnight, Has The Valley Hospital Becomes Ridgewood’s Largest Taxpayer?
It is being widely reported that The Valley Hospital became Ridgewood’s largest taxpayer overnight as a result of their recent purchase of 1200 East Ridgewood Avenue from the Hartz Mountain Corporation.
The reported purchase price was $25 million; possibly 30% down, the rest to be financed.
The property in question last sold in 2004 for $25 million. It is currently assessed at $23 million.

Property taxes in 2012 were $558,935.94.
The multi-tenant office building, built in 1985, sits on just over 6 acres.
It is believed that The Valley has no plans for the property other than to continue leasing space out to physicians and other medical service providers.



















