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151 Washington Avenue, Nort...

District Real Estate Advisors Acquires Commercial Property In North Haven, CT For $2.8M
SOLDCommercial

District Real Estate Advisors Acquires Commercial Property In North Haven, CT For $2.8M

151 Washington Avenue, North Haven

$2,807,000

$1,219/SF

Building Size

2,302 SF

Asset Type

Commercial

Closing

Mar 18, 2021

AI

Located at 151 Washington Avenue, North Haven, CT, this commercial property was recently sold on March 19, 2021. The transaction was facilitated by Richard Pilla & Brendan Coan from Paramount Partners, LLC representing the seller, and District Real Estate Advisors representing the buyer. The sale price for this property was $2,807,000.

Summary of transation details

  • Property Type: Commercial
  • Transaction Amount: $2,807,000
  • Address: 151 Washington Avenue, North Haven, CT
  • Market: North Haven, CT

Richard Pilla & Brendan Coan, from Paramount Partners, LLC, acted as the seller's representatives in this transaction. The buyer was represented by District Real Estate Advisors. This deal involved a commercial property spanning 2,302 square feet. The price per square foot for this asset was $1,219.

Players

Richard Pilla

Broker

$6.9M

vol

3 deals

Broker

North Haven Commercial Market Snapshot

Boundary boundary · Commercial · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.65%

Cash-on-Cash

-1.62%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93