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49 Marvin Avenue

Emerald Group Acquires Nursing Home In Troy For $6.93 Million From Daryl Hagler
SOLDNursing Home

Emerald Group Acquires Nursing Home In Troy For $6.93 Million From Daryl Hagler

49 Marvin Avenue

$6,930,000

Building Size

Asset Type

Nursing Home

Closing

Apr 5, 2026

AI

A nursing home located at 49 Marvin Ave in Troy has been sold, featuring a total of 78 beds. The property changed hands for a sale price of $6,930,000. The transaction was supported by financing, which included $4.2 million from Huntington National Bank.

Summary of transaction details:

  • Property Type: Nursing Home
  • Transaction Amount: $6,930,000
  • Buyer: Emerald Group
  • Seller: Daryl Hagler
  • Financing: $4.2 million from Huntington National Bank
  • Date of Sale: 04/05/2026
  • Address: 49 Marvin Ave
  • Market: Troy

The sale involved Emerald Group as the buyer and Daryl Hagler as the seller, with the buyer represented by a New Jersey-based LLC. This transaction reflects a notable investment in the healthcare sector within the Troy market.

Players

EG
Emerald GroupBuyer

Daryl Hagler

Seller

$413.8M

vol

7 deals

Seller

Troy Nursing Home Market Snapshot

Boundary boundary · Nursing Home · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.29%

Cash-on-Cash

-0.65%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93