Updated Oct 28, 2024
Elmcrest Inc. Acquires Mixed-Use Property In Norwalk, CT For $1.5M
12 Elmcrest Terrace, Norwalk, Connecticut 06850, United States
$1,500,000
$190/SF
Building Size
7,890 SF
Asset Type
Mixed-use
Closing
Jan 24, 2022
About this deal
AI
A mixed-use property located at 12 Elmcrest Terrace in Norwalk, CT, has been sold in a recent transaction. The property, spanning 7,890 square feet, was sold by Talony Associates LLC to Elmcrest Inc. The transaction was facilitated by Angel Commercial LLC.
Summary of transaction details
- Property Type: Mixed use
- Sale Price: $1,500,000
- Square Footage: 7,890
- Price per Square Foot: $190
The deal was arranged by Angel Commercial LLC, acting as the representative for Elmcrest Inc. and Talony Associates LLC.
Players
Norwalk Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93