Northeast Private Client Group Represents Sale Of Mixed-Use Property In Danbury, CT For $2.4M
SOLD
$2,400,000
Connecticut
See Similar DealsMixed-use13,996 SF
Sold 07/29/2022
SOLD
Northeast Private Client Group Represents Sale Of Mixed-Use Property In Danbury, CT For $2.4M
286-290 White Street, Danbury, Connecticut 06810, United States
See Similar DealsMixed-use13,996 SF
Sold 07/29/2022
Summary
CONNECTICUT
Asset Type:Mixed-use
Price Per Square Foot:$171
Total Square Footage:13,996 SF
Transaction Type:Sale
The mixed-use property located at 286-290 White Street in Danbury, CT has been sold for a total of $2,400,000. The transaction was completed on 07/29/2022. The property spans across 13,996 square feet, with a price per square foot of $171.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $2,400,000
- Address: 286-290 White Street
- Market: Danbury, CT
Robert Paterno and Brad Balletto from Northeast Private Client Group served as the brokers in this sale. They represented the parties involved in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$127,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,526.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,377.22
Annual Debt Service$136,526.69
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