Healthcare Trust Of America Acquires Health Center In Bedford-Stuyvesant For $21.3M
616 Dekalb Ave, Brooklyn, NY 11205, USA
$21,300,000
$12/SF
Building Size
1,707,980 SF
Asset Type
Other
Closing
Dec 30, 2020
About this deal
AI
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.
On the Map
$21,300,000
$12/SF
Other
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.74%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93