Updated Aug 12, 2026
W Group Acquires Nursing Home In Far Rockaway Queens For $15.5 Million From David Edrich
15-26 New Haven Avenue
$15,500,000
$485/SF
Building Size
31,915 SF
Asset Type
Nursing Home
Closing
Jul 8, 2026
About this deal
AI
The transaction involved a skilled nursing facility located at 15-26 New Haven Avenue in Far Rockaway, Queens. The asset was sold for $15,500,000, encompassing a total square footage of 31,915, resulting in a price per square foot of $486.
Summary of transaction details:
- Property Type: Nursing Home
- Transaction Amount: $15,500,000
- Address: 15-26 New Haven Avenue
- Market: Far Rockaway, Queens
- Square Footage: 31,915
- Price Per Square Foot: $486
- Buyer: Shmuel Weiss - W Group
- Seller: David Edrich
- Sale Date: July 8, 2026
- Recording Date: August 10, 2026
Shmuel Weiss represented W Group in the transaction, while David Edrich was the seller of the nursing home asset. The deal reflects a key acquisition in the skilled nursing sector within the specified market.
Players
Far Rockaway Nursing Home Market Snapshot
Boundary boundary · Nursing Home · 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