Updated Oct 29, 2024
Kolich Holdings LLC Acquires Property At 1 Bank St Stamford With Buyer’s Rep Enzennio Mallozzi
1 Bank St, Stamford, CT, 06901
Building Size
15,000 SF
Asset Type
Mixed-use
Closing
Sep 11, 2017
About this deal
AI
The property involved in the transaction is located at 1 Bank St, Stamford, CT, 06901. This mixed-use building encompasses 15,000 square feet and is situated in the Stamford market. The sale price for this property was part of a larger transaction totaling $7,571,814 for three office buildings, which were identified as offering significant value-add opportunities.
Summary of transaction details:
- Property Type: Mixed-use Building
- Transaction Amount: $7,571,814
- Address: 1 Bank St, Stamford, CT, 06901
- Buyer: Kolich Holdings LLC
- Buyer's Representative: Enzennio Mallozzi - Colliers International
- Total Square Footage: 15,000
- Seller: Not disclosed
Colliers International, represented by Enzennio Mallozzi, facilitated the sale, with Kolich Holdings LLC expressing satisfaction with the smooth execution of the deal. Mallozzi noted that Stamford is a vibrant market with significant economic growth, appealing demographics, and favorable transportation access, making it an attractive location for investment.
Players
Stamford Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Deal FAQ
Browse Connecticut mixed use sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93