Updated Dec 21, 2023
Bob Paterno's NorthEast Private Client Group Sells Mixed-Use Property In Wallingford, CT For $2.16M
319-343 North Colony Road, Wallingford, CT, USA
$2,162,500
$130/SF
Building Size
16,520 SF
Asset Type
Mixed-use
Closing
Sep 16, 2021
About this deal
AI
A mixed-use property with approximately 19 units (12 residential and 7 commercial) located at 319-343 North Colony Road in Wallingford, CT has been sold for $2,162,500. The property spans across 16,520 square feet, resulting in a price per square foot of $131. The transaction achieved a capitalization rate of 7.60%.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $2,162,500
- Market: Wallingford, CT
- Address: 319-343 North Colony Road
- Asset Type: Mixed-use ~ 19 units (12 Residential & 7 Commercial)
The sale was facilitated by Bob Paterno from the NorthEast Private Client Group, who represented the parties involved in the transaction.
Wallingford 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
7.34%
Cash-on-Cash
-2.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93