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63 Bank Street

Updated Dec 4, 2024

Amilcar Perez Acquires Mixed-Use Property In Waterbury For $3.1M
SOLDMixed-use

Amilcar Perez Acquires Mixed-Use Property In Waterbury For $3.1M

63 Bank Street & 70 Bank Street

$3,100,000

$53/SF

Building Size

29,060 SF

Asset Type

Mixed-use

Closing

Apr 12, 2024

About this deal

AI

The mixed-use property located at 63 Bank Street & 70 Bank Street in Waterbury, Connecticut was successfully sold for $3,100,000. Spanning 29,060 square feet, the property was acquired by Amilcar Perez from seller Parag Mehta. The transaction was facilitated by brokers Alban Dedvukaj, Nick Selca, and Ilir Dedvukaj from LSR-Lakeshore Realty.

Summary of transaction details:

Lakeshore Realty, represented by the team of Alban Dedvukaj, Nick Selca, and Ilir Dedvukaj, achieved the successful sale of Apothecary Hall in Waterbury, Connecticut. This project involved the adaptive reuse of a historic landmark that once housed the Apothecary Hall Pharmacy for 70 years. Situated at Exchange Place, the property holds a significant legacy in the community, offering investors a valuable opportunity in the thriving state market.

Players

Alban Dedvukaj

LSR-Lakeshore Realty

Broker

$42M

vol

12 deals

Broker

Waterbury Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Deal FAQ

About $53 per square foot on a published $3.1M for 58,120 square feet (2024).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.12%

Cash-on-Cash

-1.46%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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