facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Other

/

Loan

/

1350 NY-112, Port Jefferson...

The W Group Acquires Assisted Living Property In Port Jefferson For $30M
FINANCEDOther

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

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

Isaac Lifshitz

Meridian Capital Group

Broker

$504.7M

vol

9 deals

Broker
Ari Weiss

Ari Weiss

The W Group

Landlord

$105M

vol

4 deals

Landlord
TG
The W GroupLandlord

Port Jefferson Station Other Market Snapshot

Boundary boundary · Other · Loan transactions

Loading comparables…

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