Yaakov Sod, others, pay $55M to Jack Deutsch for nursing home in College Point

Yaakov Sod, Leopold Friedman, and Milenia Care through the entity Woodcrest Propco LLC paid $55 million to Jack Deutsch through the entity Woodcrest Property LLC for the  200-bed nursing home, Woodcrest Rehabilitation & Residential Health Care Center building (I6) at 119-09 26th Avenue in College Point, Queens. The expected use is cash flowing.
The deal closed on December 30, 2025 and was recorded on January 6, 2026. The property has 76,000 square feet of built space according to a PincusCo analysis of city data. The sale price per built square foot is $723 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 seller bought the property on March 7, 2022, for $31 million. The signatory for Jack Deutsch was Jack Deutsch. The signatory for Yaakov Sod , Leopold Friedman , and Milenia Care was Yaakov Sod. The contract date was December 30, 2025. The address for the buyer entity is at an address of Leopold Friedman, another nursing home investor, and at the offices of Robert Kolman’s Milenia Care. This is a 200-bed nursing home facility.

Prior sales, articles and revenue

Prior to this transaction, PincusCo has no record that the buyer Yaakov Sod had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller Jack Deutsch had not purchased any other properties and had not sold any properties over the same time period.

The property

The specialty building in College Point has 76,000 square feet of built space according to a PincusCo analysis of city data. The parcel has frontage of 298 feet and is 156 feet deep with a total lot size of 43,058 square feet. The lot is irregular. The zoning is R4 which allows for up to 0.75 times floor area ratio (FAR) for residential. The city-designated market value for the property in 2022 is $10.7 million.

Violations and lawsuits

There were no lawsuits or bankruptcies filed against the property for the past 24 months. In addition, according to city public data, the property has 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 neighborhood

In College Point, The bulk, or 48 percent of the 10.8 million square feet of commercial built space are industrial buildings, with specialty buildings next occupying 21 percent of the space. In sales, College Point has had very little sales volume relative to other neighborhoods with $192.3 million in sales volume in the last two years. For development, College Point has had very little major development activity relative to other neighborhoods.It had 535,267 square feet of commercial and multi-family construction under development in the last two years, which represents 5 percent of the neighborhood’s built space.

The block

On this tax block, PincusCo has identified the owner of the one commercial property that spans that spans 76,000 square feet on the block.The identified owner is Jack Deutsch.
There are no active new building construction projects on this tax block.

All properties are specialty.

The seller

The PincusCo database currently indicates that Jack Deutsch owned at least one commercial property in New York City with 76,000 square feet and a city-determined market value of $9.8 million. (Market value is typically about 50% of actual value.) The portfolio has $31 million in debt, borrowed from Popular Bank. The portfolio consists of at least a single specialty property. It is located in Queens.

The buyer

The PincusCo database currently indicates that Leopold Friedman owned at least nine commercial properties with 88 residential units in New York City with 773,058 square feet and a city-determined market value of $115.1 million. (Market value is typically about 50% of actual value.) The portfolio has $273.4 million in debt, with top three lenders as Greystone & Co., KeyBank, and Dime Community Bank respectively. Within the portfolio, the bulk, or 86 percent of the 773,058 square feet of built space are specialty properties, with elevator properties next occupying 14 percent of the space. They are all located in Bronx.

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