Surf Propco LLC Acquires Hospital From Raphael Lichtschein In Coney Island For $17.2M
2316 Surf Avenue
$17,200,000
$426/SF
Building Size
40,344 SF
Asset Type
Hospital
Closing
May 4, 2026
About this deal
AI
A hospital facility located at 2316 Surf Avenue in Coney Island, Brooklyn, has been sold for a transaction amount of $17.2 million. The asset spans an area of 40,344 square feet and the price per square foot is approximately $426.
Summary of transaction details:
- Property Type: Hospital
- Transaction Amount: $17,200,000
- Address: 2316 Surf Avenue
- Market: Coney Island, Brooklyn
- Square Footage: 40,344
- Price per Square Foot: $426
- Buyer: Surf Propco LLC
- Seller: Raphael Lichtschein
Surf Propco LLC has acquired the hospital facility from Raphael Lichtschein in a deal that closed on May 4, 2026. The transaction indicates a significant investment in the Brooklyn healthcare market.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.92%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93