Central Assisted Living Acquires Nursing Home In Little Neck For $25.3M
260-19 Nassau Blvd, Flushing, NY 11362, USA
Building Size
464,110 SF
Asset Type
Other
Closing
Feb 13, 2018
About this deal
AI
A nursing home in Little Neck, New York was sold for a total price of $25,300,000. The property, located at 260-19 Nassau Boulevard, covers an area of 46,411 square feet and has a price per square foot of $545.
Summary of transaction details
- Property Type: Nursing Home
- Transaction Amount: $25,300,000
- Square Footage: 46,411
- Price Per Square Foot: $545
The seller of the nursing home was SentosaCare, represented by CEO Benjamin Landa. The buyer of the property was Central Assisted Living.
Players
Little Neck Other Market Snapshot
Boundary boundary · Other · Sale transactions
Loading comparables…
Deal FAQ
Visit Benjamin Landa to view all their deals.
Browse Little Neck other sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93