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Northeast Private Client Group Brokers Sell Mixed-Use Property In Branford, CT For $4.7M

Property Image
SOLD
$4,700,000
Robert "Bob" Paterno
Richard (Rich) Edwards
+ 1

Connecticut

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Mixed-use33,614 SF
Sold 11/19/2021
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Property Image
SOLD

Northeast Private Client Group Brokers Sell Mixed-Use Property In Branford, CT For $4.7M

17-29 S Main St, Branford, CT, USA

See Similar Deals
Mixed-use33,614 SF
Sold 11/19/2021
Robert "Bob" Paterno
Richard (Rich) Edwards
+ 1
Contact now

Summary

CONNECTICUT
Asset Type:Mixed-use
Price Per Square Foot:$139
Total Square Footage:33,614 SF
Transaction Type:Sale

Located at 17-29 South Main St in Branford, CT, this mixed-use property has recently been sold in a closed transaction. The property features a total of 29 units, with an average price per unit of $522,222. The total square footage of the property is 33,614, resulting in an average price per square foot of $140. The sale price for this transaction was $4,700,000, representing a 6.08% capitalization rate.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $4,700,000
  • Units: 29
  • Price Per Unit: $522,222
  • Square Footage: 33,614
  • Price Per Square Foot: $140
  • Capitalization Rate: 6.08%
  • Market: Branford, CT

The successful sale of this property was facilitated by Brad Balletto, Rich Edwards, Jeff Wright, Bob Paterno, and John Lockhart from Northeast Private Client Group. Their expertise and professionalism contributed to the completion of this transaction.

Players

Robert "Bob" Paterno
24 deals$125.1M volume
BROKER

Jeff Wright
NorthEast Private Client Group
30 deals$138.9M volume
BROKER

Richard (Rich) Edwards
NorthEast Private Client Group
30 deals$150.9M volume
BROKER

John Lockhart
NorthEast Private Client Group
10 deals$40.2M volume
BROKER

Details

SOLD
IMAGE: John Lockhart, Bob Paterno, Jeff Wright, Rich Edwards & Brad Balletto DATE: 11/19/2021 ADDRESS: 17-29 South Main St MARKET: Branford, CT ASSET TYPE: Mixed-use BROKERS: Brad Balletto, Rich Edwards, Jeff Wright, Bob Paterno & John Lockhart - Northeast Private Client Group SALE PRICE: $4,700,000 UNITS: 29 ~ PPU: $522,222 SF: 33,614 ~ PPSF: $140 CAP: 6.08%

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