CareRite Centers Acquires Meadow Park Rehab Nursing Home In Kew Garden Hills For $22.9M

The property asset involved in the transaction is a nursing home located at 78-10 164th Street in Kew Garden Hills, Queens. The sale price for this asset was $22,900,000, with a total square footage of 31,236, resulting in a price per square foot of $733.

Summary of transaction details:

• Property Type: Nursing Home
• Transaction Amount: $22,900,000
• Address: 78-10 164th Street
• Market: Kew Garden Hills, Queens
• Square Footage: 31,236
• Price Per Square Foot: $733
• Buyer: David Katz, Julie Lichtenstein - Teddy Lichtenstein - CareRite Centers
• Seller: Benjamin Landa, Theodore Pollack, Helen Webster, Anne Gottlieb & Michael Netzer

The deal involved CareRite Centers affiliates purchasing the Meadow Park Rehab facility. The transaction was completed by a team representing both the buyers and sellers, ensuring all parties were effectively supported throughout the process.