Updated Dec 4, 2024
Assisted Living Facility In New Haven Sold For $2.25M To Riverview Propco LLC & Erica Lesser
92 Lexington Avenue & 94 Lexington Avenue
$2,250,000
$107/SF
Building Size
10,500 SF
Asset Type
Senior Housing
Closing
Sep 11, 2023
About this deal
AI
An assisted living facility in New Haven has been sold for $2.25 million. The property spans 10,500 square feet and is located at 92-94 Lexington Avenue. The transaction was recorded on September 11.
Summary of transaction details
- Property Type: Senior Housing
- Transaction Amount: $2,250,000
The buyer of the property is Riverview Propco LLC and Erica Lesser. The broker involved in the deal is James McCall from Coldwell Banker.
The senior housing sale at 92 Lexington Avenue in Andover, Connecticut sold for $2.3M in 2023. The building is 21,000 square feet, implying about 107 per square foot on the published price. James (Jim) McCall, Coldwell Banker appear on the sale alongside Coldwell Banker. This page is the Andover, Connecticut file for the 92 Lexington Avenue senior housing sold: pricing, party profiles, and other closed senior housing comps from the same Andover sit in the Market section below. Filter that Andover senior housing set by closing date to see what else sold near 92 Lexington Avenue around 2023. Published consideration for 92 Lexington Avenue is $2.3M, dated 2023. Cite this Assisted Living Facility In New Haven Sold For $2.25M To Riverview Propco LLC & Erica Lesser sale when underwriting similar senior housing product around Andover, Connecticut.
Players
Andover Senior Housing Market Snapshot
Boundary boundary · Senior Housing · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.05%
Cash-on-Cash
-2.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93