Emerald Group Acquires Hospital From Daryl Hagler In Concourse Village For $102.5M
1160 Teller Avenue
$102,500,000
$478/SF
Building Size
214,370 SF
Asset Type
Hospital
Closing
Mar 31, 2026
About this deal
AI
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.
On the Map
$102,500,000
$478/SF
Hospital
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Players
Bronx Hospital Market Snapshot
Boundary boundary · Hospital · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.15%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93