Morris Tenenbaum’s MT Capital Group pays $28M for nursing home in Arverne

Morris Tenenbaum’s MT Capital Group through the entity Mt Capital Group LLC paid Susan Wagner and Jeffrey Felner’s Resort Horizon LLC $27.5 million for 64-11 Beach Channel Drive in Arverne. The deal closed on March 19, 2020, and was recorded on April 22, 2020. The transaction consists of 1 parcel, including the tax class nursing home (I6). The property is 87,630 square feet.
The average sale price per square foot is $314.

The sale went into contract March 5, 2020.
The DOB issued a major alteration (A1) initial temporary certificate of occupancy for the building on December 17, 2012.
Over the past five years, there has been one NYC Department of Buildings permit application filed for this parcel valued at more than $20,000. There was one renovation/alteration project (A2) applied for with a total estimated value of $347,811.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link