$32.96M Loan Secured By The W Group For Assisted Living Property On South Street
150 South Street
$32,960,000
$465/SF
Building Size
70,819 SF
Asset Type
Other
Closing
Oct 20, 2021
AI
The assisted living property located at 150 South Street in Oyster Bay has recently been involved in a loan transaction. The property spans approximately 70,819 square feet and is owned by The W Group, led by Ari Weiss and Berry Weiss. The lender for this transaction was Valley National Bank.
Summary of transation details
- Property Type: Assisted Living
- Transaction Amount: $32,960,000
- Loan Terms: 83% LTC Financed
Isaac Lifshitz, representing Meridian Capital Group, served as the broker for this loan transaction.
Players
Oyster Bay 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
0.48%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93