Sentinel Real Estate Acquires Mixed-Use Property In Norwalk, CT For $53M
55 North Water Street, Norwalk, CT, USA
$53,000,000
$365/SF
Building Size
145,000 SF
Asset Type
Mixed-use
Closing
Dec 16, 2020
AI
The mixed-use property located at 55 N. Water Street in Norwalk, CT has been sold in a recent transaction. The sale was facilitated by Aaron Jungreis of Rosewood Realty Group, representing the buyer, Sentinel Real Estate, and Michael Streicker. The seller in this transaction was Avenue Realty Capital.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $53,000,000
- Date: 12/17/2020
- Address: 55 N. Water Street, Norwalk, CT
- Market: Norwalk, CT
- Square Footage: 145,000 SF
- Price per Square Foot: $366
This transaction highlights the successful collaboration between Sentinel Real Estate, represented by Michael Streicker, and Aaron Jungreis of Rosewood Realty Group. The sale of this mixed-use property at 55 N. Water Street in Norwalk, CT marks a significant deal in the local market.
Players
Norwalk 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
0.30%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93