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BGDBGD, LLC Acquires 13-Unit Condo Complex In Clinton, CT For $2.625M
SOLD
$2,625,000
Connecticut
See Similar DealsCondo
Sold
SOLD
BGDBGD, LLC Acquires 13-Unit Condo Complex In Clinton, CT For $2.625M
161 East Main Street
See Similar DealsCondo
Sold
Summary
CONNECTICUT
Asset Type:Condo
Transaction Type:Sale
A 13-unit condominium complex located at 161 East Main St in Clinton, CT has been sold for $2.625 million. The property, known as Village Walk, was purchased by BGDBGD, LLC from Drucas Builders, LLC. The transaction was facilitated by brokers Gary Damato and Stephen Press of Press|Cuozzo. The units in the complex were sold at an average price of $201,923.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $2,625,000
- Address: 161 East Main Street
- Market: Clinton, CT
- Buyer: BGDBGD, LLC
- Seller: Drucas Builders, LLC
- Brokers: Gary Damato & Stephen Press - Press|Cuozzo
- Units: 13
- Price Per Unit: $201,923
Stephen Press, SIOR, president of Press|Cuozzo, played a pivotal role in facilitating the $2.625 million sale of Village Walk, the 13-unit condominium complex located at 161 East Main St in Clinton, CT.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$139,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,326.08
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,443.84
Annual Debt Service$149,326.07
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