The W Group Acquires Assisted Living Property In Port Jefferson For $30M
1350 NY-112, Port Jefferson Station, NY 11776, United States
$30,000,000
$763/SF
Building Size
39,309 SF
Asset Type
Other
Closing
May 1, 2022
About this deal
AI
The assisted living property located at 1350 Route 112 in Port Jefferson has been involved in a recent loan transaction. The property spans across 3 acres and has a building size of 39,309 square feet. Berry Weiss & Isaac Lifshitz shared an image on Instagram, showcasing the property.
Summary of transaction details
- Property Type: Assisted Living
- Transaction Amount: $30,000,000
- Loan Type: Refinance
- Loan Terms: 3 Acres, Building 39,309 SF
The loan for this transaction was secured by the property, and the loan amount was $30,000,000. The W Group, represented by Ari Weiss & Berry Weiss, is the landlord of the property. Isaac Lifshitz from the Meridian Capital Group acted as the broker in this deal.
Players
Port Jefferson Station Other Market Snapshot
Boundary boundary · Other · Loan transactions
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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