Daily limit: 0/10
Norwalk Hospital Sells Development Site To RMS Companies For $12.2M
SOLD
$12,200,000
+ 4
Connecticut
See Similar DealsDevelopment Site
Sold
SOLD
Norwalk Hospital Sells Development Site To RMS Companies For $12.2M
370 West Avenue
See Similar DealsDevelopment Site
Sold
+ 4
Summary
CONNECTICUT
Asset Type:Development Site
Transaction Type:Sale
Norwalk Hospital has successfully sold a 2.34-acre development site at 370 West Avenue in Norwalk, Connecticut, previously housing a YMCA, to RMS Companies for $12.2 million.
Summary of transation details
- Property Type: Development Site
- Transaction Amount: $12,200,000
- Address: 370 West Avenue, Norwalk, CT
- Market: Norwalk, CT
- Buyer: Randy Salvatore - RMS Companies
- Seller: Peter Cordeau - Norwalk Hospital
- Brokers: Al Mirin, Gerry Lees, Jim Fagan, Kate Schwartz, Matt Torrance & Maureen O’Boyle - Cushman & Wakefield
The 2.34-acre development site at 370 West Avenue in Norwalk, Connecticut, previously housing a YMCA, has been sold by Norwalk Hospital to RMS Companies for $12.2 million.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$650,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$43,344.03
Cash-on-Cash Return-1.27%
Monthly Debt Service$57,834.22
Annual Debt Service$694,010.69
Is there something missing? Send suggestions