Move Forward Real Estate Sells Newton Nursing Home For $2.55M
SOLD
$2,550,000
Massachusetts
See Similar DealsNursing Home5,969 SF
Sold 06/28/2022
SOLD
Move Forward Real Estate Sells Newton Nursing Home For $2.55M
24 Newtonville Avenue
See Similar DealsNursing Home5,969 SF
Sold 06/28/2022
Summary
MASSACHUSETTS
Asset Type:Nursing Home
Price Per Square Foot:$427
Total Square Footage:5,969 SF
Transaction Type:Sale
Located at 24-32 Newtonville Avenue in Newton, MA, this nursing home was recently sold in a closed transaction. The property spans 5,969 square feet and was sold for $2,550,000, resulting in a price per square foot of $427.
Summary of transaction details:
- Property Type: Nursing Home
- Transaction Amount: $2,550,000
- Square Footage: 5,969
- Price per Square Foot: $427
- Address: 24-32 Newtonville Avenue, Newton, MA
- Market: Newton, MA
The sale was facilitated by Greg Martin from Move Forward Real Estate, who represented the seller in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$136,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,059.60
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,088.30
Annual Debt Service$145,059.61
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