Livio Faustini Sells Development Site On Broadway In Milford, CT For $3.65M
72 Broadway, Milford, CT, USA
$3,650,000
$365/SF
Building Size
10,000 SF
Asset Type
Development Site
Closing
Apr 20, 2021
AI
A development site located at 72 Broadway in Milford, CT has been sold for a total price of $3,650,000. The property spans across 1.75 acres and has a building square footage (BSF) of 10,000. The price per building square footage (PPBSF) is calculated at $365, while the price per acre (PPA) amounts to $2,085,714.
Summary of Transaction Details
- Property Type: Development Site
- Transaction Amount: $3,650,000
- Address: 72 Broadway, Milford, CT
- Market: Milford, CT
- BSF: 10,000
- PPBSF: $365
- Acres: 1.75
- PPA: $2,085,714
The seller of the property is Livio Faustini, while the buyers are Pietro & Antoniette Landino. The transaction was facilitated by Tony Vitti of Colonial Properties.
Players
Milford 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
4.35%
Cash-on-Cash
-1.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93