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1835 Boston Post Road, West...

Sammy Matoshi Acquires Mixed-Use Property In Westbrook, CT For $730K
SOLDMixed-use

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

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.

Players

Frank Greco

Broker

$1.5M

vol

3 deals

Broker

Westbrook Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

Loading comparables…

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