Abraham Hoffman Acquires Flatbush Nursing Home For $40M
135 Linden Boulevard, Brooklyn, NY 11226, USA
$40,000,000
$386/SF
Building Size
103,548 SF
Asset Type
Other
Closing
Jul 12, 2020
About this deal
AI
A nursing home located at 135 Linden Boulevard in Flatbush has been sold for $40,000,000. The property spans 103,548 square feet, resulting in a price per square foot of $386. The transaction took place on July 12, 2021. The buyer, Abraham Hoffman, acquired the nursing home from the seller, New York Congregational Nursing Center represented by Winsome McLean-Davis.
Summary of transaction details:
- Property Type: Nursing Home
- Transaction Amount: $40,000,000
- Address: 135 Linden Boulevard
- Market: Flatbush
- Square Footage: 103,548
- Price Per Square Foot: $386
- Buyer: Abraham Hoffman
- Seller: New York Congregational Nursing Center
- Seller's Representative: Winsome McLean-Davis
This significant transaction involved Abraham Hoffman as the buyer, purchasing the nursing home from the seller, New York Congregational Nursing Center. Winsome McLean-Davis represented the seller in the deal. The sale took place in Flatbush, with the nursing home located at 135 Linden Boulevard.
New York Other Market Snapshot
Boundary boundary · Other · Sale transactions
Loading comparables…
Deal FAQ
About $386 per square foot on a published $40M for 103,548 square feet (2020).
Visit Abraham Hoffman to view all their deals.
Browse New York other sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.40%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93