Updated Oct 29, 2024
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
About this deal
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.
On the Map
$5,100,000
Mixed-use
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Players
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