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Domenic Carpionato Of West Hartford 1 LLC Sells Development Site In West Hartford For $22.24M
SOLD
$22,237,000
Connecticut
See Similar DealsDevelopment Site
Sold 08/28/2024
SOLD
Domenic Carpionato Of West Hartford 1 LLC Sells Development Site In West Hartford For $22.24M
1700 Asylum Avenue
See Similar DealsDevelopment Site
Sold 08/28/2024
Summary
CONNECTICUT
Asset Type:Development Site
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,185,973.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$79,003.38
Cash-on-Cash Return-1.27%
Monthly Debt Service$105,414.72
Annual Debt Service$1,264,976.70
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