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.
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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