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
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