Abraham Posner Acquires Nursing Home At 945 East 108th Street In Canarsie For $11.4M

At 945 East 108th Street in Canarsie, Brooklyn, a nursing home was sold. The asset spans 33,350 square feet, with a sale price of $11,400,000. It features a price per square foot of $342 and a building size factor of 97,000, resulting in a price per building size factor of $118.

Summary of transaction details:

• Property Type: Nursing Home
• Transaction Amount: $11,400,000
• Address: 945 East 108th Street
• Market: Canarsie, Brooklyn
• Building Size Factor: 97,000
• Price Per Building Size Factor: $118
• Square Footage: 33,350
• Price Per Square Foot: $342
• Buyer: Abraham Posner
• Seller: Samuel Sherman
• Buyer’s Entity: 913 East 108 LLC
• Seller’s Entity: Fsnr Acquisition Group LLC

Abraham Posner acquired the specialty nursing facility from Samuel Sherman’s company, marking a significant transaction in the nursing care sector. The deal reflects a strategic investment in healthcare real estate by the buyer.