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1381 East Putnam Avenue

Marx Realty Sells Mixed-Use Building In Greenwich, CT To Private Investor For $5.1M
SOLDMixed-use

Marx Realty Sells Mixed-Use Building In Greenwich, CT To Private Investor For $5.1M

1381 East Putnam Avenue

$5,100,000

Building Size

Asset Type

Mixed-use

Closing

Sep 18, 2023

AI

A mixed-use building located at 1381 East Putnam Avenue in Old Greenwich, CT has been sold by Marx Realty for $5.1 million. The property was acquired by a private investor based in Stamford, CT.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $5,100,000
  • Address: 1381 East Putnam Avenue, Old Greenwich, CT
  • Market: Old Greenwich, CT

The sale of 1381 East Putnam Avenue was facilitated by CBRE brokers Daniel Blumenkrantz, David Gavin, Jeffrey Dunne, Stuart MacKenzie, and Travis Langer on behalf of Marx Realty. Craig Deitelzweig, the representative of Marx Realty, successfully completed the transaction.

Players

Travis Langer

CBRE

Broker

$2.4B

vol

52 deals

Broker
Craig Deitelzweig

Craig Deitelzweig

Marx Realty

Seller

$5.1M

vol

8 deals

Seller

Old Greenwich 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

3.11%

Cash-on-Cash

-0.89%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93