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77 Leroy Avenue, Darien, Co...

77 Leroy, LLC Acquires Senior Housing In Darien, CT For $7.5M
SOLD

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

Asset Type

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

Louis Zuckerman

CBRE

Broker

$15.6M

vol

3 deals

Broker

Darien CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

Loading comparables…

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