$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
About this deal
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.
On the Map
$32,960,000
$465/SF
Other
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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