AGW Partners Acquires Mixed-Use Property In Greenwich, CT From Greenwich Avenue LP – Miller Family For $11.6M
70-74 Greenwich Avenue, Greenwich, Connecticut 06830, United States
$11,600,000
Building Size
—
Asset Type
Mixed-use
Closing
Jul 24, 2022
AI
AGW Partners has acquired a mixed-use property in Greenwich, CT for a sale price of $11,600,000. The property, located at 70-74 Greenwich Avenue, 80-86 Greenwich Avenue, and 40 East Elm Street, offers a versatile space for various uses.
Summary of transation details
- Property Type: Mixed-use
- Transaction Amount: $11,600,000
- Market: Greenwich, CT
- Buyer: AGW Partners
- Seller: Greenwich Avenue LP – Miller Family
- Date: 07/25/2022
- Image: Adam Greenbaum
AGW Partners, a prominent player in the real estate market, made the acquisition. They were represented by their broker, Adam Greenbaum of Greenbaum Realty. Greenwich Avenue LP – Miller Family acted as the seller's representative in the deal.
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
1.37%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93