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Andrew Schlossberg Of Invesco Acquires Senior Housing At 79 Willow Street For $81.5M
SOLD
$81,500,000
New York
See Similar DealsSenior Housing356,000 SF
Sold 02/12/2026
SOLD
Andrew Schlossberg Of Invesco Acquires Senior Housing At 79 Willow Street For $81.5M
79 Willow Street
See Similar DealsSenior Housing356,000 SF
Sold 02/12/2026
Summary
NEW YORK
Asset Type:Senior Housing
Price Per Square Foot:$228
Total Square Footage:356,000 SF
Transaction Type:Sale
The asset involved in this transaction is an assisted living facility located at 79 Willow Street in the Brooklyn Heights market. The sale price for the senior housing property was $81,500,000, and it encompasses a total of 356,000 square feet, resulting in a price per square foot of $229.
Summary of transaction details:
- Property Type: Senior Housing
- Transaction Amount: $81,500,000
- Buyer: Andrew Schlossberg - Invesco
- Seller: Albert Rabil - Kayne Anderson
- Square Footage: 356,000
- Price Per Square Foot: $229
Andrew Schlossberg, representing Invesco, acquired a 54.36% stake in The Watermark at Brooklyn Heights from Albert Rabil, who represented Kayne Anderson. This transaction was valued at roughly $424 per square foot.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$4,346,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$289,552.28
Cash-on-Cash Return-1.27%
Monthly Debt Service$386,351.58
Annual Debt Service$4,636,218.95
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