Emerald Group And Infinite Care Centers Acquire Hope Center In Highbridge Bronx For $16M

The property involved in this transaction is a special purpose asset located at 1400 Doctor Martin Luther King Junior Boulevard, as well as 1401 and 1407 Dr Martin Luther King Jr. Boulevard in the Highbridge neighborhood of Bronx. The sale transpired at a price of $16,000,000, covering a total square footage of 32,000, which translates to a price per square foot of $500.

Summary of transaction details:

• Property Type: Special Purpose
• Transaction Amount: $16,000,000
• Sale Date: 03/13/2026
• Buyer: Emerald Group & Infinite Care Centers
• Seller: Daryl Hagler & Centers Health Care
• Square Footage: 32,000
• Price Per Square Foot: $500
• Market: Highbridge, Bronx

Emerald Group and Infinite Care Centers, through the entity 1401 Mlk SNF Realty LLC, acquired the specialty Hope Center building along with two adjacent properties from Daryl Hagler and Centers Health Care’s Hope Center Realty Operations Associates LLC. This transaction highlights the involvement of both buyer groups and sellers in the management and operation of specialized healthcare facilities.