Updated Oct 28, 2024
Par Taft LLC Acquires Residential Property In New Haven, CT For $52.5M
265 College Street, New Haven, Connecticut 06510, United States
$52,500,000
$239/SF
Building Size
218,829 SF
Asset Type
Co-Op
Closing
Apr 21, 2022
About this deal
AI
Par Taft LLC has acquired a residential property located at 265 College St in New Haven, CT. The transaction was facilitated by Victor Nolletti of Institutional Property Advisors, representing the buyer. The seller, Taft Realty Associates, closed the deal with a sale price of $52,500,000 on April 22, 2022.
Summary of transaction details
- Property Type: Residential
- Transaction Amount: $52,500,000
- Address: 265 College St
- Market: New Haven, CT
The buyer, Par Taft LLC, successfully acquired the property, with Victor Nolletti from Institutional Property Advisors representing their interests throughout the transaction. Taft Realty Associates acted as the seller in this deal.
On the Map
$52,500,000
$239/SF
Co-Op
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New Haven Co-Op Market Snapshot
Boundary boundary · Co-Op · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.30%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93