Updated Dec 4, 2024
BGDBGD, LLC Acquires 13-Unit Condo Complex In Clinton, CT For $2.625M
161 East Main Street
$2,625,000
Units
13
Asset Type
Condo
Closing
Jan 19, 2024
About this deal
AI
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.
Players
Clinton Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.04%
Cash-on-Cash
-1.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93