Updated Oct 29, 2024
Pasquale DeBenedictis's Cassena Care Acquires Greenwich Village Nursing Home For $29.75M
214 West Houston Street
$29,750,000
$463/SF
Building Size
64,260 SF
Asset Type
Nursing Home
Closing
Aug 31, 2023
About this deal
AI
A nursing home in Greenwich Village, Manhattan located at 214 West Houston Street has been sold for $29.75 million. The property spans across 64,260 square feet with a price per square foot of $463. The buyer, Pasquale DeBenedictis, represented Cassena Care through Village Acquisition II, LLC in the transaction. The seller, Village Center for Care, was represented by Emma DeVito. The deal was financed by Bank of America.
Summary of transation details
- Property Type: Nursing Home
- Transaction Amount: $29,750,000
- Date: 08/31/2023
- Address: 214 West Houston Street
- Market: Greenwich Village, Manhattan
- Buyer: Pasquale DeBenedictis - Cassena Care
- Seller: Village Center for Care - Emma DeVito
- Lender: Bank of America
- SF: 64,260
- PPSF: $463
Pasquale DeBenedictis, on behalf of Cassena Care through Village Acquisition II, LLC, successfully acquired the nursing home building at 214 West Houston Street in Greenwich Village for $29.75 million. This transaction highlights the significance of the property in the healthcare industry, showcasing the demand for rehabilitation and nursing facilities in this area.
Players
New York Nursing Home Market Snapshot
Boundary boundary · Nursing Home · Sale transactions
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Deal FAQ
About $463 per square foot on a published $29.8M for 64,260 square feet (2023).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.53%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93