77 Leroy, LLC Acquires Senior Housing In Darien, CT For $7.5M
77 Leroy Avenue, Darien, Connecticut 06820, United States
$7,500,000
Building Size
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Asset Type
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Closing
Jul 21, 2022
AI
An 11-unit senior housing property located at 77 Leroy Ave in Darien, CT has been sold for a price of $7,500,000. The sale was completed on 07/22/2022. The buyer of the property is 77 Leroy, LLC, while the seller is Pemberton 16, LLC. The property was listed and represented by Louis Zuckerman and Patrick Colwell from CBRE.
Summary of transaction details:
- Property Type: Senior Housing
- Transaction Amount: $7,500,000
- Units: 11
- Price Per Unit: $681,818
- Address: 77 Leroy Ave, Darien, CT
- Market: Darien, CT
The deal involved key individuals and companies such as Louis Zuckerman and Patrick Colwell from CBRE who represented the buyer and the seller in this transaction. The sale of the senior housing property at 77 Leroy Ave highlights the demand for such properties in the Darien, CT market.
Players
Darien CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.12%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93