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55 North Water Street, Norw...

Sentinel Real Estate Acquires Mixed-Use Property In Norwalk, CT For $53M
SOLDMixed-use

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

Aaron Jungreis

Rosewood Realty Group

Broker

$4.4B

vol

207 deals

Broker
Michael Streicker

Michael Streicker

Sentinel Real Estate

Buyer

$385.1M

vol

6 deals

Buyer
AC
Avenue Realty CapitalSeller

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