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Emerald Group Acquires Hospital From Daryl Hagler In Concourse Village For $102.5M
SOLD
$102,500,000
New York
See Similar DealsHospital214,370 SF
Sold 03/31/2026
SOLD
Emerald Group Acquires Hospital From Daryl Hagler In Concourse Village For $102.5M
1160 Teller Avenue
See Similar DealsHospital214,370 SF
Sold 03/31/2026
Summary
NEW YORK
Asset Type:Hospital
Price Per Square Foot:$478
Total Square Footage:214,370 SF
Transaction Type:Sale
The transaction involves the sale of a hospital located at 1160 Teller Avenue in Concourse Village, Bronx. The asset, encompassing 214,370 square feet, was sold for $102,500,000, resulting in a price per square foot of $478.
Summary of transaction details:
- Property Type: Hospital
- Transaction Amount: $102,500,000
- Address: 1160 Teller Avenue
- Market: Concourse Village, Bronx
- Buyer: Emerald Group
- Seller: Daryl Hagler
- Square Footage: 214,370
- Price Per Square Foot: $478
The buyer, Emerald Group, engaged in this transaction with Daryl Hagler representing the seller. The sale occurred on March 31, 2026, marking a significant transaction within the healthcare property sector.
Players
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$5,466,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$364,160.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$485,902.29
Annual Debt Service$5,830,827.52
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