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70-74 Greenwich Avenue, Gre...

AGW Partners Acquires Mixed-Use Property In Greenwich, CT From Greenwich Avenue LP – Miller Family For $11.6M
SOLDMixed-use

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

AP
AGW PartnersBuyer

Miller Family

Seller

$67.6M

vol

4 deals

Seller

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