Ventas REIT Acquires Senior Housing Property In Manhattan From Brookdale Senior Living For $134.7M
455 North End Ave, New York, NY 10282, USA
$134,700,000
$56/SF
Building Size
2,392,000 SF
Asset Type
Other
Closing
Nov 12, 2018
About this deal
AI
455 North End Avenue, a senior housing property located in Manhattan, has been sold for a price of $134,700,000. The property spans over an area of 239,200 square feet, with a price per square foot of $563. The transaction involved the seller, Brookdale Senior Living, and the buyer, Ventas REIT.
Summary of transaction details
- Property Type: Senior Housing
- Transaction Amount: $134,700,000
- Address: 455 North End Avenue, Manhattan
- Market: Manhattan
- Square Footage: 239,200
- Price per Square Foot: $563
- Seller: Brookdale Senior Living
- Buyer: Ventas REIT
The deal was facilitated by Lucinda M. Baier and Debra Cafaro, representing Ventas REIT in the transaction as their broker representatives.
On the Map
$134,700,000
$56/SF
Other
View full map
Players
New York Other Market Snapshot
Boundary boundary · Other · Sale transactions
Loading comparables…
Deal FAQ
Browse New York other sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.12%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93