Domenic Carpionato Of West Hartford 1 LLC Sells Development Site In West Hartford For $22.24M
1700 Asylum Avenue
$22,237,000
Building Size
—
Asset Type
Development Site
Closing
Aug 28, 2024
AI
The property asset involved in this transaction is a development site located at 1700 Asylum Avenue in West Hartford, CT. This site encompasses approximately 14.86 acres and has been sold for a total of $22,237,000.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $22,237,000
- Address: 1700 Asylum Avenue
- Market: West Hartford, CT
- Seller: Domenic Carpionato - West Hartford 1, LLC
- Broker: John Cafasso - Colliers International
The deal features John Cafasso as the sole broker representing the seller, Domenic Carpionato. Colliers International facilitated this sale, executing the transaction smoothly within the specified timeframe.
Players
West Hartford Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.71%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93