Move Forward Real Estate Sells Newton Nursing Home For $2.55M
24 Newtonville Avenue
$2,550,000
$427/SF
Building Size
5,969 SF
Asset Type
Nursing Home
Closing
Jun 28, 2022
AI
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.
Players
Market Nursing Home Market Snapshot
Boundary boundary · Nursing Home · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.22%
Cash-on-Cash
-1.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93