NEW YORK (VINNews) — A major Brooklyn nursing home has been sold for about $161.5 million, according to a Bisnow report and property records.

The nine-story, 500-plus-bed Boro Park Center at 4915 10th Ave. was sold by real estate investor Daryl Hagler and his business partner Kenny Rozenberg. The buyer is a Lakewood, New Jersey-based entity tied to Shmuel A. Serle.

The facility has been operated by Centers Health Care and is considered one of its flagship locations. The price marks a sharp increase from the roughly $19 million paid for the property in 2011.

The transaction includes financing from Huntington National Bank, the report said.