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
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