Updated Apr 30, 2026
Meyer Futersak Acquires Senior Housing Asset In Saranac Lake For $7,400,000
78 Will Rogers Drive
$7,400,000
$98/SF
Building Size
75,000 SF
Asset Type
Senior Housing
Closing
Apr 23, 2026
About this deal
AI
The property asset involved in this transaction is a Senior Housing facility located at 78 Will Rogers Drive in Saranac Lake. The sale price was $7,400,000, with a total square footage of 75,000 and a price per square foot of $98.
Summary of transaction details:
- Property Type: Senior Housing
- Transaction Amount: $7,400,000
- Address: 78 Will Rogers Drive
- Market: Saranac Lake
- Square Footage: 75,000
- Price Per Square Foot: $98
- Buyer: Meyer Futersak
The buyer, Meyer Futersak, is associated with Cedarwood Group, which is actively seeking to acquire additional Senior Housing and Assisted Living Communities across the United States. They have invited potential sellers to share their deals for prompt consideration.
On the Map
$7,400,000
$98/SF
Senior Housing
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Players
Saranac Lake Senior Housing Market Snapshot
Boundary boundary · Senior Housing · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.14%
Cash-on-Cash
-0.61%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93