Allure Group's Senior Care Facility In Gravesend, Brooklyn Secures $56.3M Loan From Dwight Capital
2266 Cropsey Avenue, Gravesend, Brooklyn, NY, USA
$56,328,500
$467/SF
Building Size
120,618 SF
Asset Type
Other
Closing
Jul 20, 2020
About this deal
AI
A senior care facility located at 2266 Cropsey Avenue in Gravesend, Brooklyn has recently been involved in a loan transaction. The property spans a total of 120,618 square feet and is owned by the Allure Group, represented by Joel Landau. The facility was last sold for $30,120,000 in December 2014.
Summary of transaction details
- Property Type: Senior Care Facility
- Transaction Amount: $56,328,500
- Lender: Dwight Capital
- Landlord: Allure Group - Joel Landau
The loan amount secured for the senior care facility was $56,328,500. Dwight Capital provided the financing for this transaction. Joel Landau, representing the Allure Group, acted as the landlord in the deal.
On the Map
$56,328,500
$467/SF
Other
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Players
Brooklyn 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
0.28%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93