Healthcare Trust Of America Acquires Health Center In Bedford-Stuyvesant For $21.3M
SOLD
$21,300,000
New York
See Similar DealsOther1,707,980 SF
Sold 12/31/2020
SOLD
Healthcare Trust Of America Acquires Health Center In Bedford-Stuyvesant For $21.3M
616 Dekalb Ave, Brooklyn, NY 11205, USA
See Similar DealsOther1,707,980 SF
Sold 12/31/2020
Summary
NEW YORK
Asset Type:Other
Price Per Square Foot:$12
Total Square Footage:1,707,980 SF
Transaction Type:Sale
A health center located at 616 Dekalb Avenue in the Bedford-Stuyvesant market has been sold for a price of $21,300,000. The property spans 170,798 square feet and has a price per square foot of $125. The transaction took place on December 31, 2020. The buyer of the health center is Healthcare Trust of America, while the seller is EmblemHealth.
Summary of transaction details
- Property Type: Health center
- Transaction Amount: $21,300,000
- Property Address: 616 Dekalb Avenue
- Market: Bedford-Stuyvesant
- Building Square Footage: 170,798
- Price Per Square Foot: $125
- Buyer: Healthcare Trust of America
- Seller: EmblemHealth
The sale of the health center was facilitated by Karen Ignagni & Scott D. Peters from an undisclosed agency, representing Healthcare Trust of America as the buyer, and EmblemHealth as the seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,135,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$75,674.41
Cash-on-Cash Return-1.27%
Monthly Debt Service$100,972.87
Annual Debt Service$1,211,674.40
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