NEW YORK (VINNews) — A major Brooklyn nursing home has been sold for about $161.5 million, according to a Bisnow report and property records.
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The nine-story, 500-plus-bed Boro Park Center at 4915 10th Ave. was sold by real estate investor Daryl Hagler and his business partner Kenny Rozenberg. The buyer is a Lakewood, New Jersey-based entity tied to Shmuel A. Serle.
The facility has been operated by Centers Health Care and is considered one of its flagship locations. The price marks a sharp increase from the roughly $19 million paid for the property in 2011.
The transaction includes financing from Huntington National Bank, the report said.
Something sounds off, in 15 years go up in value 747%?
i hope these new guys give better service. They seem to have the money – now put it to good use!
Can somebody help me to understand the purchase price of 161.5 million.
That is one heck of a LARGE nursing home,…
Will this remain a nursing home or be turned into an apartment or office building.
i hope they improve this shoddy place
Who is the purchaser? Is
Such a huge jump in value. Yeah, makes total sense in a frum neighborhood.