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339 Greenwich Avenue

John Manocherian Acquires Mixed-Use Property At 337-339 Greenwich Avenue For $5.87M
SOLDMixed-use

John Manocherian Acquires Mixed-Use Property At 337-339 Greenwich Avenue For $5.87M

339 Greenwich Avenue

$5,870,000

$806/SF

Building Size

7,281 SF

Asset Type

Mixed-use

Closing

Mar 31, 2025

AI

The property involved in this transaction is a mixed-use asset located at 337-339 Greenwich Avenue in Greenwich, CT. The sale price for the property was $5,870,000, with a square footage of 7,281 and a price per square foot of $806.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $5,870,000
  • Address: 337-339 Greenwich Avenue
  • Market: Greenwich, CT
  • Square Footage: 7,281
  • Price per Square Foot: $806
  • Buyer: John Manocherian
  • Seller: John J. Curreri
  • Broker: Lena Rivera

The key individuals involved in this transaction include John Manocherian as the buyer and John J. Curreri as the seller. The broker representing this transaction is Lena Rivera, who has extensive experience with over $100 million in sales and over 200 residential leases, as well as substantial retail and office leasing experience. Lena Rivera is currently seeking additional deals and has a focus on expanding her property management portfolio.

Players

Lena Rivera

Broker

$60M

vol

15 deals

Broker

John J. Curreri

Seller

$56.3M

vol

9 deals

Seller

Greenwich 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

2.70%

Cash-on-Cash

-0.77%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93