Spring Creek SNF Realty Acquires Nursing Home In East New York For $40.4M
660 Louisiana Avenue, Brooklyn, New York 11239, United States
$40,400,000
$321/SF
Building Size
125,836 SF
Asset Type
Other
Closing
Jul 24, 2022
AI
A nursing home located at 660 Louisiana Avenue in East New York has been sold for $40,400,000. The transaction took place on July 25, 2022. The property is owned by Marx Development Group and was purchased by Spring Creek SNF Realty. The buyer's representative in the deal was Benjamin Landa.
Summary of transaction details:
- Property Type: Nursing Home
- Transaction Amount: $40,400,000
- Date: July 25, 2022
- Address: 660 Louisiana Avenue
- Market: East New York
- Buyer: Spring Creek SNF Realty - Benjamin Landa
- Seller: Marx Development Group
- Image: David Marx
David Marx captured an image of the nursing home, which was not disclosed in the original post.
Players
New York Other Market Snapshot
Boundary boundary · Other · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.39%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93