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Emerald Group Acquires Hospital Portfolio In Borough Park From Daryl Hagler For $296.25M

Property Image
SOLD
$296,250,000

New York

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Hospital2,334,368 SF
Sold 03/13/2026
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Property Image
SOLD

Emerald Group Acquires Hospital Portfolio In Borough Park From Daryl Hagler For $296.25M

4915 10th Avenue, 170 Buffalo Avenue, 51 Georgia Avenue & 50 Sheffield Avenue

See Similar Deals
Hospital2,334,368 SF
Sold 03/13/2026
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:Hospital
Price Per Square Foot:$126
Total Square Footage:2,334,368 SF
Transaction Type:Sale

The asset involved in the transaction is a hospital located in Borough Park, Brooklyn, comprising multiple addresses: 4915 10th Avenue, 170 Buffalo Avenue, 51 Georgia Avenue, and 50 Sheffield Avenue. The total sale price was $296,250,000, with a square footage of 583,592, leading to a price per square foot of $508.

Summary of transaction details:

  • Property Type: Hospital
  • Transaction Amount: $296,250,000
  • Buyer: Emerald Group
  • Seller: Daryl Hagler
  • Lender: Huntington National Bank
  • Financing Amount: $239,900,000
  • Notable Deal: $161,500,000 for the Boro Park Center

Daryl Hagler facilitated the sale of three nursing and care facilities in Brooklyn, which are connected to Centers Health Care. Huntington National Bank administered the financing for the transaction.

Players

DH
Daryl Hagler
7 deals$413.8M volume
SELLER
Huntington National Bank
Huntington National Bank
LENDER

Details

SOLD
IMAGE: Daryl Hagler DATE: 03/13/2026 ADDRESS: 4915 10th Avenue, 170 Buffalo Avenue, 51 Georgia Avenue & 50 Sheffield Avenue MARKET: Borough Park, Brooklyn ASSET TYPE: Hospital BUYER: Emerald Group SELLER: Daryl Hagler LENDER: Huntington National Bank SALE PRICE: $296,250,000 SF: 583,592 ~ PPSF: $508 NOTE: Daryl Hagler sold three Brooklyn nursing and care facilities tied to Centers Health Care for $296.25M, including a $161.5M deal for the Boro Park Center, with $239.9M in financing administered by Huntington National Bank.

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Deal Type
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Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$1,052,513.68
Cash-on-Cash Return-1.27%
Monthly Debt Service$1,404,376.14
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