B
en Landa, a nursing home mogul with a history of controversy, has made headlines again after selling a Far Rockaway facility at a significant profit. The 183-bed Sentosa Care facility on New Haven Avenue was sold to a limited liability company connected to Robert and Norman Rausman for $47.3 million, or over $258,000 per bed. Landa's team, led by Forest Healthcare Properties' Jeffrey Vegh and Joe Schiff, brokered the deal.
Landa had purchased the 49,000-square-foot facility in 2016 through his New Surfside Realty platform for just $3 million, with a 50 percent ownership stake alongside Robert Bleier. The sale marks a substantial profit for Landa, who once controlled a portfolio of at least two dozen nursing homes. However, his business has been marred by controversy, including a recent court ruling that found him liable for patient neglect at Long Island's Cold Spring Hills nursing home.
Landa was also required to pay $500,000 in restitution and allow an independent overseer to monitor the facility's operations. Additionally, Sentosa Care accumulated up to 20 federal fines for deficient care prior to this incident, according to a ProPublica investigation.
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