NewPoint Real Estate Capital Provides $23.75M Loan For Nursing Home In Spuyten Duyvil
666 Kappock Street, The Bronx, New York 10463, United States
$23,750,000
$342/SF
Building Size
69,314 SF
Asset Type
Other
Closing
Oct 18, 2022
About this deal
AI
A nursing home located at 666 Kappock Street in Spuyten Duyvil has been involved in a recent transaction. The property, spanning 69,314 square feet, was part of a loan deal.
Summary of transaction details
- Property Type: Nursing Home
- Transaction Amount: $23,750,000
- Date: 10/19/2022
- Address: 666 Kappock Street
- Market: Spuyten Duyvil
- Lender: NewPoint Real Estate Capital
- Landlord: Landa Group
NewPoint Real Estate Capital provided a loan of $23,750,000 to facilitate the transaction involving the nursing home property. The Landa Group acted as the landlord in this deal.
Players
New York Other Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.67%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93