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Long Island AL/MC Opportunity
Asset ClassSenior Housing
# Units248
2 AL/MC Communities in High Barrier to Entry Locations - Cash Flow + Upside
overview of deal

Overview

BWE Investment Sales proudly presents an exceptional chance for investors and owner/operators to acquire two recently constructed assisted living and memory care communities in the highly sought-after region of Long Island, New York. This unique opportunity not only provides existing cash flow but also promises significant upside potential. Such a substantial investment opportunity in this affluent, high-barrier-to-entry market is a rarity.

 

UNLOCK STRONG NOI UPSIDE

These communities are not just a solid investment; they are poised for remarkable growth. With a combined Net Operating Income (NOI) of nearly $3 million over the T3 annualized, there’s ample opportunity to enhance this figure.

 

Current occupancy is a combined 80.3%, while the median occupancy for assisted living on Long Island (Nassau and Suffolk Counties) is 90%, up from a COVID low of 82%.

 

Additionally, average assisted living rents in the market area registered a 4.7% increase over the past year, with expectations for continued growth. And with both communities currently having above-average loss-to-lease rates, there is an opportunity to increase revenue through strategic rent adjustments for existing residents.

 

Furthermore, a proposed conversion of 14 units from assisted living to memory care at one of the assets is underway and has the potential to add over $300,000 in annual NOI.

 

SEIZE THIS RARE OPPORTUNITY

Don’t miss out on this rare chance to invest in two flourishing communities with proven potential for growth in one of the most desirable locations along the east coast. Act now to secure your stake in this exceptional opportunity!

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Sales Team

Ryan StollNational Director Senior Housing & Care(913) 940-0075ryan.stoll@bwe.com
Taylor MokrisSenior Vice President, Seniors Housing and Care(704) 604-0480taylor.mokris@bwe.com
Brian BrockmanBang Realty-New York Inc.

License #: 10311208985

(513) 898-1551bor@bangrealty.com

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Listing provided by Revere CRE