facebook
Traded Co logo
Submit

Meyer Futersak Acquires Senior Housing In Philadelphia From Bobby Spears For $2.7M

Property Image
SOLD
$2,700,000

Pennsylvania

See Similar Deals
Senior Housing23,500 SF
Sold 09/18/2025
the dealplayerscompscontact
Property Image
SOLD

Meyer Futersak Acquires Senior Housing In Philadelphia From Bobby Spears For $2.7M

230 North 65th Street

See Similar Deals
Senior Housing23,500 SF
Sold 09/18/2025
Contact now

Summary

PENNSYLVANIA
Asset Type:Senior Housing
Price Per Square Foot:$114
Total Square Footage:23,500 SF
Transaction Type:Sale

The property involved in this transaction is a senior housing asset located at 230 North 65th Street in Philadelphia, PA. The sale was executed for a total price of $2,700,000, covering a square footage of 23,500, which equates to a price per square foot of $114.

Summary of transaction details:

  • Property Type: Senior Housing
  • Transaction Amount: $2,700,000
  • Square Feet: 23,500
  • Price per Square Foot: $114
  • Buyer: Meyer Futersak
  • Seller: Bobby Spears - Brittany Manor Assisted Living

Bobby Spears represented Brittany Manor Assisted Living in this transaction. The buyer, Meyer Futersak, is associated with Cedarwood Group, which is actively seeking to acquire additional Assisted Living and Skilled Nursing Facilities. All brokers are welcomed to connect with the buyer through the email provided.

Players

8 deals$238.8M volume
BUYER

Details

SOLD
IMAGE: Meyer Futersak DATE: 9/18/2025 ADDRESS: 230 North 65th Street MARKET: Philadelphia, PA ASSET TYPE: Senior Housing BUYER: Meyer Futersak SELLER: Bobby Spears - Brittany Manor Assisted Living SALE PRICE: $2,700,000 SF: 23,500 ~ PPSF: $114 NOTE FROM BUYER: Cedarwood Group is seeking to acquire additional Assisted Living and SNF Facilities. Please feel free to reach to [email protected]. All brokers are welcome.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$144,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$9,592.53
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,799.38
Annual Debt Service$153,592.53