facebook

traded

+ Submit
Home

/

Deals

/

Massachusetts

/

Nursing Home

/

Sale

/

24 Newtonville Avenue

Move Forward Real Estate Sells Newton Nursing Home For $2.55M
SOLDNursing Home

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

Greg Martin

Avison Young

Broker

$56.1M

vol

7 deals

Broker

Market Nursing Home Market Snapshot

Boundary boundary · Nursing Home · Sale transactions

Loading comparables…

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