Updated Oct 28, 2024
1070 Main St Hotel In Bridgeport, CT Sold To 1070 Main Street LLC For $6.5M
1070 Main Street, Bridgeport, Connecticut 06604, United States
$6,500,000
Building Size
—
Asset Type
Hotel
Closing
Apr 3, 2022
About this deal
AI
An hotel property located at 1070 Main St in Bridgeport, CT has been sold for a total price of $6,500,000. The transaction took place on 04/04/2022 and the buyer of the property is 1070 Main Street LLC, represented by John N. Guedes. The seller of the property is Trefz Properties.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $6,500,000
- Date: 04/04/2022
- Address: 1070 Main St, Bridgeport, CT
- Buyer: 1070 Main Street LLC - John N. Guedes
- Seller: Trefz Properties
John N. Guedes, representing 1070 Main Street LLC, was the buyer of this hotel property located at 1070 Main St. The transaction took place in Bridgeport, CT. Trefz Properties acted as the seller in this deal.
Players
Bridgeport Hotel Market Snapshot
Boundary boundary · Hotel · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.44%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93