Marcus & Millichap’s National Seniors Housing Group handles 277-bed nursing facility sale

Maplewood Manor - Ballston Spa, NY

Ballston Spa, NY Marcus & Millichap has completed the sale of Maplewood Manor, a 277-bed skilled nursing facility located among the foothills of the Adirondack Mountains. At the time of sale, the facility was 95% occupied. The sale price was not disclosed.

“This was a challenging deal,” said Joshua Jandris of Marcus & Millichap’s National Seniors Housing Group (NSHG).

“We really appreciate all of the hard work and cooperation of the county administrator’s office and the county’s outside counsel at Harris Beach. We are sure that both sides are happy to finally get this transaction closed, and are looking forward to the operation’s continued improvement,” said Jandris.

Jandris, along with the NSHG’s Mark Myers and Charles Hilding, represented the seller, a New York county, and procured the buyer, a private investor with an operator tenant. Division manager J.D. Parker is Marcus & Millichap’s broker of record in the state of New York.

Constructed between 1971 and 1972, with additions in 1978-1979, Maplewood Manor provides a wide range of services to residents of Saratoga County and the surrounding areas.

This transaction marks the 30th county home sale Jandris and his team have completed since 2012.

Tags: Brokerage

Reprint

Previous Story Next Story

Investment Property Realty Group closes $2.175 million sale of 247 Leonard St.

Brooklyn, NY Investment Property Realty Group (IPRG) closed the sale of 247 Leonard St., a multi-family building located in the Williamsburg section of the city, for $2.175

GFP Real Estate continues leasing momentum at 322 Eighth Ave. with 9,952 s/f of transactions

GFP continues leasing momentum at 322 Eighth Ave.

Zimmet Law Group signs 5,476 s/f lease at GFP Real Estate’s 515 Madison Ave.

Zimmet Law signs 5,476 s/f lease at GFP’s 515 Madison Ave.

1122 Madison Avenue inks $21.175 million contract

Rudin secures 55,335 s/f lease with JAMS at the top of 3 Times Square

Rudin secures lease with JAMS at the top of 3 Times Square

READ ON THE GO

DIGITAL EDITIONS

Browse Now

Quick Hits

Brokerage

Kleinberg of Colliers represents Quality Services for the Autism Community in lease at Simone’s 1200 Zerega Ave.

Columns and Thought Leadership

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking