A Brooklyn nursing home property has changed hands in a major transaction, as investor Daryl Hagler sold the Boro Park Center facility for $161.5 million.

The nine-story building, which contains 504 beds and is located at 4915 10th Avenue, has been run by Centers Health Care, a company jointly owned by Hagler and Kenny Rozenberg.

The sale represents a dramatic increase in value from when Hagler first acquired the property. City records show he purchased the nursing home in 2011 for just $19 million. Several years later, in 2017, he refinanced the asset with a loan totaling $78.4 million.

Centers Health Care operates a wide network of facilities, including assisted living centers, adult day care programs, rehabilitation services, and home healthcare operations throughout New York City and the broader Tri-State region. The Boro Park Center is described on the company’s website as its primary flagship location.

The buyer is listed in property filings as 4915 10th SNF Realty LLC, a company based in Lakewood, New Jersey, and registered to Shmuel A. Serle.

Financing for the purchase included a $64 million mortgage issued by Huntington National Bank, which was part of a broader $130.7 million loan package, according to documents filed with the city.

In a separate development tied to the broader Centers network, Elevance Health completed the acquisition of Centers Plan for Healthy Living — the company’s insurance division — at the end of 2024, in a deal that valued the business at more than $1.1 billion, based on filings with the Securities and Exchange Commission.

{Matzav.com}