Updated Dec 19, 2023
Sammy Matoshi Acquires Mixed-Use Property In Westbrook, CT For $730K
1835 Boston Post Road, Westbrook, CT 06498
$730,000
$279/SF
Building Size
2,610 SF
Asset Type
Mixed-use
Closing
Jul 8, 2020
About this deal
AI
The mixed-use property located at 1835 Boston Post Road in Westbrook, CT has been sold for a price of $730,000. The property spans 2,610 square feet and is situated on a 1.03-acre plot of land. This translates to a price per square foot of $280 and a price per acre of approximately $708,738.
Summary of transation details
- Property Type: Mixed-use
- Transaction Amount: $730,000
- Square Footage: 2,610
- Address: 1835 Boston Post Road, Westbrook, CT
- Market: Westbrook, CT
The seller of the property was Mario Kontomerkos, while the buyer was Sammy Matoshi. Representing the transaction were brokers Mike Boyarsky and Frank Greco from Commercial Real Estate, Northeast US, SullivanHayes NE.
On the Map
$730,000
$279/SF
Mixed-use
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Players
Westbrook 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
21.73%
Cash-on-Cash
-6.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93