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150 South Street, Oyster Ba...

Updated Oct 28, 2024

Bilt advertisement
The W Group Acquires Assisted Living Facility In Oyster Bay, Long Island For $37M
SOLDOther

The W Group Acquires Assisted Living Facility In Oyster Bay, Long Island For $37M

150 South Street, Oyster Bay, NY, USA

$37,000,000

$522/SF

Building Size

70,819 SF

Asset Type

Other

Closing

Oct 20, 2021

About this deal

AI

The W Group, represented by Ari Weiss and Berry Weiss, has acquired Oyster Bay Manor and Harbor House, an Assisted Living Facility located at 150 South St. in Oyster Bay, Long Island. The purchase price for the property was $37,000,000, with the transaction facilitated by Valley National Bank. The facility spans 70,819 square feet, resulting in a price per square foot of $522.

Summary of transaction details

  • Property Type: Assisted Living Facility
  • Transaction Amount: $37,000,000
  • Address: 150 South St., Oyster Bay, Long Island
  • Market: Oyster Bay, Long Island

The W Group, led by Ari Weiss and Berry Weiss, is the largest Assisted Living Group in New York State. Their recent acquisition of Oyster Bay Manor and Harbor House highlights their commitment to the assisted living sector in Long Island.

Players

Isaac Lifshitz

Meridian Capital Group

Broker

$504.7M

vol

9 deals

Broker
Ari Weiss

Ari Weiss

The W Group

Buyer

$105M

vol

4 deals

Buyer
TG
The W GroupBuyer

Oyster Bay Other Market Snapshot

Boundary boundary · Other · Sale transactions

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Deal FAQ

About $522 per square foot on a published $37M for 70,819 square feet (2021).

Visit Isaac Lifshitz to view all their deals.

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.43%

Cash-on-Cash

-0.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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