facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Connecticut

/

Development Site

/

Sale

/

72 Broadway, Milford, CT, USA

Livio Faustini Sells Development Site On Broadway In Milford, CT For $3.65M
SOLDDevelopment Site

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

Tony Vitti

Broker

$7M

vol

2 deals

Broker

Milford Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

Loading comparables…

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