Press Release

Shuttered LI nursing home sells for $4M

09 3月 2018

130 Irving Place, Woodmere, NY

A former nursing home and rehab center in Woodmere has sold for $4 million.

The 51,629-square-foot, three-story building on .86 acres at 130 Irving Place was purchased by Manhattan-based Esplanade Capital.

Esplanade plans to retrofit the existing building originally constructed in 1963 and last occupied by the Woodmere Rehabilitation & Health Care Center, and create an assisted living facility and memory care center, according to a statement from CBRE, which brokered the deal.

Elli Klapper, Charles Berger and Jay Gelbtuch of CBRE’s Tri-State Investment Properties team and Richard Karson of CBRE’s Melville office represented seller Alexander Eisenberg and procured the buyer in the sales transaction.

“CBRE was tasked with finding the ideal buyer that maximized the value of this unique asset in Woodmere,” Klapper said in the statement. “Through our research and market expertise, we found that there was a strong demand for an assisted living facility in Woodmere, especially one that catered to the specific religious needs of this affluent area.”
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.