Waldron Street Owner LLC Acquires Senior Housing In Corona, Queens For $49.5M
108-15 Horace Harding Expressway, Queens, New York 11364, United States
$49,520,000
Building Size
—
Asset Type
—
Closing
Sep 20, 2022
About this deal
AI
The senior housing property located at 108-15 & 108-25 Horace Harding Expwy in Corona, Queens has been sold for a total of $49,520,000. The transaction took place on September 21, 2022.
Summary of transaction details:
- Property Type: Senior Housing
- Transaction Amount: $49,520,000
- Address: 108-15 & 108-25 Horace Harding Expwy, Corona, Queens
The buyer, Waldron Street Owner LLC represented by Avi Lustig, acquired the property from the seller, Albro Re LLC, which was represented by Reuben Seltzer, Michael Alon, and Irwin Adelsberg.
On the Map
$49,520,000
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Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93