Emerald Group, Infinite Care pay $82M for nursing home in Clifton, part of $1.7B deal

Emerald Group and Infinite Care through the entity 91 Tompkins SNF Realty LLC paid $82 million to Daryl Hagler and Centers Health Care through the entity Sv Land Three, LLC for the Richmond Center building (I6) at 91 Tompkins Avenue in Clifton, Staten Island. The expected use is cash flowing.

This transaction is a portion of a reported $1.7 billion sale. So far in New York City, including this transaction, Emerald Group has recorded 10 acquisitions valued at $556.6 million.

The deal closed on March 13, 2026 and was recorded on April 27, 2026. The two properties have 129,333 square feet of built space and 45,730 square feet of additional air rights according to a PincusCo analysis of city data. The sale price per built square foot is $634 per the PincusCo analysis. (The price per square foot analysis is the transaction price divided by square feet as reported in public records and assumes no air rights have been sold.)
The signatory for Daryl Hagler and Centers Health Care was Daryl Hagler. The signatory for Emerald Group and Infinite Care was Shmuel Serle . The contract date was March 13, 2026.

Prior sales, articles and revenue

Prior to this transaction, PincusCo has records that the buyer Emerald Group purchased 14 properties in nine transactions for a total of $474.6 million and has no record it sold any properties over the past 24 months.
The seller Daryl Hagler had not purchased any other properties and sold 17 properties in 10 transactions for a total of $538.6 million over the same time period.

The property

The specialty building in Clifton has 129,333 square feet of built space and 45,730 square feet of additional air rights according to a PincusCo analysis of city data. The parcel has frontage of 522 feet and is 278 feet deep with a total lot size of 123,936 square feet. The lot is irregular. The zoning is R3-2 which allows for up to 0.5 times floor area ratio (FAR) for residential. The city-designated market value for the property in 2022 is $10.1 million.

Violations and lawsuits

There were no lawsuits or bankruptcies filed against the properties for the past 24 months. In addition, according to city public data, the properties have not received any significant violations in the last year.

Development

There are no active new building construction projects or major alteration projects with initial costs more than $1 million on this tax lot.

The block

There are no active new building construction projects on this tax block.

The majority, or 100 percent of the 834,406 square feet of built space are specialty buildings, with industrial buildings next occupying 0 percent of the space.

The seller

The PincusCo database currently indicates that Daryl Hagler owned at least six commercial properties in New York City with 498,632 square feet and a PincusCo-determined asset value of $206.6 million. The portfolio has $196.7 million in debt, with top three lenders as Popular Bank, Benzion Lebovits, and M&T Bank respectively. Within the portfolio, the bulk, or 63 percent of the 498,632 square feet of built space are hotel properties, with industrial properties next occupying 27 percent of the space. The bulk, or 57 percent of the built space, is in Queens, with Manhattan next at 26 percent of the space.
The PincusCo database currently indicates that Centers Health Care owned at least six commercial properties in New York City with 498,632 square feet and a PincusCo-determined asset value of $206.6 million. The portfolio has $17.9 million in debt, borrowed from Bankwell Bank. Within the portfolio, the bulk, or 63 percent of the 498,632 square feet of built space are hotel properties, with industrial properties next occupying 27 percent of the space. The bulk, or 57 percent of the built space, is in Queens, with Manhattan next at 26 percent of the space.

The buyer

The PincusCo database currently indicates that Emerald Group owned at least 14 commercial properties with 92 residential units in New York City with 1,896,038 square feet and a PincusCo-determined asset value of $980.4 million. Within the portfolio, the bulk, or 96 percent of the 1,896,038 square feet of built space are specialty properties, with N9 properties next occupying 3 percent of the space. The bulk, or 61 percent of the built space, is in Brooklyn, with Bronx next at 35 percent of the space.
The PincusCo database currently indicates that Infinite Care owned at least 14 commercial properties with 92 residential units in New York City with 1,896,038 square feet and a PincusCo-determined asset value of $980.4 million. Within the portfolio, the bulk, or 96 percent of the 1,896,038 square feet of built space are specialty properties, with N9 properties next occupying 3 percent of the space. The bulk, or 61 percent of the built space, is in Brooklyn, with Bronx next at 35 percent of the space.

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