Leibel Rubin Acquires Corona Nursing Home For $15M
59-20 Van Doren Street, Corona, NY, USA
$15,000,000
$238/SF
Building Size
62,858 SF
Asset Type
Other
Closing
Dec 29, 2020
About this deal
AI
Located at 59-20 Van Doren Street in the Corona neighborhood, this nursing home was sold on December 30, 2020. The property spans approximately 62,858 square feet and is zoned as R6, C2-2. The transaction took place at a price of $15,000,000, resulting in a price per square foot of $238. The lot size measures 200 feet by 200 feet.
Summary of transaction details
- Property Type: Nursing home
- Transaction Amount: $15,000,000
- Address: 59-20 Van Doren Street
- Market: Corona
- Zoning: R6, C2-2
Leibel Rubin acted as the buyer in this sale.
Players
New York Other Market Snapshot
Boundary boundary · Other · Sale transactions
Loading comparables…
Deal FAQ
About $238 per square foot on a published $15M for 62,858 square feet (2020).
Browse New York other sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93