Daily limit: 0/10
Pasquale DeBenedictis's Cassena Care Acquires Greenwich Village Nursing Home For $29.75M
SOLD
$29,750,000
New York
See Similar DealsNursing Home64,260 SF
Sold 08/31/2023
SOLD
Pasquale DeBenedictis's Cassena Care Acquires Greenwich Village Nursing Home For $29.75M
214 West Houston Street
See Similar DealsNursing Home64,260 SF
Sold 08/31/2023
Summary
NEW YORK
Asset Type:Nursing Home
Price Per Square Foot:$463
Total Square Footage:64,260 SF
Transaction Type:Sale
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
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,586,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$105,695.46
Cash-on-Cash Return-1.27%
Monthly Debt Service$141,030.18
Annual Debt Service$1,692,362.13
Is there something missing? Send suggestions