---
title: "CareRite Centers Acquires Queens Nursing Home for $58M"
url: https://burnaze.com/article/8c18db67-d085-4d95-bc99-cec0585a63c0
source: "Commercial Observer"
original_url: https://commercialobserver.com/2026/06/carerite-centers-acquires-queens-nursing-home-19th-avenue/
author: "Amanda Schiavo"
category: "Senior Care"
industry: "Senior Care"
topics: ["Finance & M&A"]
published: 2026-06-25T15:52:52.000Z
modified: 2026-10-31T13:18:37.580Z
image: https://commercialobserver.com/wp-content/uploads/sites/3/2026/06/The-Grand-sign-GettyImages-2059249384-WEB.jpg?quality=80&w=1200
---

# CareRite Centers Acquires Queens Nursing Home for $58M

**TL;DR:** CareRite Centers has acquired the Grand Rehabilitation and Nursing at Queens for $58.2 million, expanding its New York portfolio. The deal includes a three-story rehab center building and an adjacent parking lot in Whitestone, Queens.

*By Amanda Schiavo, originally published in Commercial Observer on 2026-06-25. [Read the original](https://commercialobserver.com/2026/06/carerite-centers-acquires-queens-nursing-home-19th-avenue/).*

## Story

**CareRite Centers**, a New Jersey-based physical therapy, elder care and rehabilitation provider, has acquired the **Grand Rehabilitation and Nursing at Queens** for $58.2 million, property records made public Wednesday show.

The deal for the three-story rehab center building at **157-15 19th Avenue** in Whitestone, Queens, and for an adjacent parking lot on 19th Avenue, closed April 28 and was recorded June 24.

The seller was **Clearview Land LLC**, which appears tied to **Grand Healthcare System** CEO **Jeremy Strauss**, records show. Grand Healthcare is a New York-based network with about 12 skilled nursing and rehab centers.

**Mark Friedman**, a principal and co-founder of CareRite Centers, signed the deal for the buyer.

CareRite Centers did not immediately respond to a request for comment, while Grand Healthcare could not be reached for comment.

The Grand Rehabilitation Center at Queens is a 179-bed facility that offers a variety of services including physical therapy, radiology and lab tests. The building has 47,000 square feet of built space, and 10,169 square feet of additional air rights, according to data from PincusCo. Market value for the property was designated by the city at $8.1 million in 2022.

It’s unclear what CareRite, which operates three other facilities in Brooklyn and one in Manhattan, plans to do with its new Queens property.

The Grand Healthcare system, which has an overall rating of 1.8 out of 3 stars from Medicare, was named in a lawsuit in 2024, which alleged the company committed fraud, and was ordered to pay a settlement of $21.3 million.

## Entities

- Senior Care (sector)
- senior care (topic)
- Commercial Observer (publication)
- Queens (location)
- Amanda Schiavo (person)
- new york expansion (topic)
- nursing home acquisition (topic)
- CareRite Centers (company)
- Grand Rehabilitation and Nursing at Queens (company)
- Clearview Land LLC (company)
- Grand Healthcare System (company)
- Jeremy Strauss (person)

---
Originally reported by Amanda Schiavo, Commercial Observer (https://commercialobserver.com/2026/06/carerite-centers-acquires-queens-nursing-home-19th-avenue/). Summarized by Burnaze (https://burnaze.com/article/8c18db67-d085-4d95-bc99-cec0585a63c0).