Eliezer Scheiner & Zevi Kohn Acquire Nursing Home In Jackson Heights For $15.7M
70-05 35th Ave, Flushing, NY 11372, USA
$15,692,830
$104/SF
Building Size
150,150 SF
Asset Type
Other
Closing
Jun 30, 2020
About this deal
AI
A nursing home located at 70-05 35th Avenue in Jackson Heights was recently sold in a closed transaction. The property spans 150,150 square feet and was sold for a total price of $15,692,830, resulting in a price per square foot of $104.
Summary of transaction details
- Property Type: Nursing Home
- Transaction Amount: $15,692,830
- Address: 70-05 35th Avenue
- Market: Jackson Heights
- Buyer: Eliezer Scheiner & Zevi Kohn
- Seller: Estate of John C. O’Reilly
- Square Footage: 150,150
- Price per Square Foot: $104
The buyers of the nursing home property were Eliezer Scheiner and Zevi Kohn. Representing the seller was the Estate of John C. O'Reilly. This closed transaction involved key individuals and companies in the deal.
Players
New York Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.01%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93