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Marx Realty Sells Mixed-Use Building In Greenwich, CT To Private Investor For $5.1M
SOLD
$5,100,000
+ 3
Connecticut
See Similar DealsMixed-use
Sold 09/18/2023
SOLD
Marx Realty Sells Mixed-Use Building In Greenwich, CT To Private Investor For $5.1M
1381 East Putnam Avenue
See Similar DealsMixed-use
Sold 09/18/2023
+ 3
Summary
CONNECTICUT
Asset Type:Mixed-use
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$271,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,119.23
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,176.60
Annual Debt Service$290,119.22
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