Updated Oct 28, 2024
Steinkraus Family Acquires 60-Acre Island In Darien, CT For $100M
Great Island, Darien, Connecticut 06820, United States
$100,000,000
Building Size
—
Asset Type
—
Closing
Jun 2, 2022
About this deal
AI
The Great Island in Darien, CT, spanning 60 acres, has been sold. The property was in contract and has been purchased by the Steinkraus Family. The seller in this transaction was the Town of Darien. The sale was facilitated by broker Jennifer Leahy of Douglas Elliman. The sale price for this island property was $100,000,000.
Summary of transaction details
- Property Type: Island
- Transaction Amount: $100,000,000
- Date: 06/03/2022
- Market: Darien, CT
- Broker: Jennifer Leahy - Douglas Elliman
This sale transaction involved the Steinkraus Family as the buyer and the Town of Darien as the seller. The deal was facilitated by Jennifer Leahy of Douglas Elliman as the broker. The Great Island, spanning 60 acres, was acquired in this transaction for a sale price of $100,000,000.
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
0.16%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93