Mike Rocco Acquires Mixed-Use Property In Greenwich, CT For $1.95M
SOLD
$1,950,000
+ 1
Connecticut
See Similar DealsMixed-use
Sold 01/25/2022
SOLD
Mike Rocco Acquires Mixed-Use Property In Greenwich, CT For $1.95M
140 Hamilton Avenue, Greenwich, Connecticut 06830, United States
See Similar DealsMixed-use
Sold 01/25/2022
+ 1
Summary
CONNECTICUT
Asset Type:Mixed-use
Transaction Type:Sale
A mixed-use property located at 140 Hamilton Avenue in Greenwich, CT has been sold for a price of $1,950,000. The property spans approximately 4,000 square feet, resulting in a price per square foot of $487. The transaction took place on January 25, 2022.
Summary of transaction details
- Property Type: Mixed Use
- Transaction Amount: $1,950,000
- Address: 140 Hamilton Avenue
- Market: Greenwich, CT
The buyer for this property is Mike Rocco, while the seller is Ida Sangermano. The brokers involved in the deal are Kevin Scrima, Michael Scrima, and Thomas Gorman Jr. from Edwood Realty Advisors, as well as Thomas McConnell, the CT Broker of Record.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$103,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,927.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,243.99
Annual Debt Service$110,927.94
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