Shmuel Berel Weiss Acquires Hospital Property For $15.5M From David S. Edrich In Far Rockaway
15-26 New Haven Avenue
$15,500,000
$485/SF
Building Size
31,915 SF
Asset Type
Hospital
Closing
Jul 7, 2026
About this deal
AI
Shmuel Berel Weiss acquired a hospital property at 15-26 New Haven Avenue in Far Rockaway, Queens. The sale closed for $15,500,000, which translates to a price of $486 per square foot for the 31,915-square-foot asset.
Summary of transaction details:
- Property Type: Hospital
- Transaction Amount: $15,500,000
- Address: 15-26 New Haven Avenue
- Market: Far Rockaway, Queens
- Seller: David S. Edrich - New Haven Manor Realty, LLC
- Buyer: Shmuel Berel Weiss
- Square Footage: 31,915
- Price per Square Foot: $486
This transaction involved the buyer, Shmuel Berel Weiss, acquiring the property from the seller, David S. Edrich, who represents New Haven Manor Realty, LLC, in this deal.
Players
Far Rockaway Hospital Market Snapshot
Boundary boundary · Hospital · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.02%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93