Updated Dec 4, 2024
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:
- Property Type: Mixed-use
- Transaction Amount: $3,100,000
- Address: 63 Bank Street & 70 Bank Street
- Market: Waterbury, Connecticut
- SF: 29,060
- Buyer: Amilcar Perez
- Seller: Parag Mehta
- Brokers: Alban Dedvukaj, Nick Selca & Ilir Dedvukaj - LSR-Lakeshore Realty
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
Waterbury 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
5.12%
Cash-on-Cash
-1.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93