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747 Belden Avenue Norwalk, ...

Northeast Private Client Group Sells Belden Sq. Mixed-Use Property In Norwalk, CT For $9.7M
SOLDMixed-use

Northeast Private Client Group Sells Belden Sq. Mixed-Use Property In Norwalk, CT For $9.7M

747 Belden Avenue Norwalk, Connecticut 06850, USA

$9,700,000

Building Size

Asset Type

Mixed-use

Closing

Jun 2, 2023

AI

The boutique mixed-use property known as Belden Sq. in Norwalk, CT has been sold by Northeast Private Client Group (NEPCG) for a total of $9.7 million. Located at 747 Belden Ave, this property offers a mix of 24 multifamily units, a medical suite, and a parking garage. The presence of Yale New Haven Hospital as a stable tenant adds to the attractiveness of this asset.

Summary of transaction details

  • Property Type: Mixed-Use
  • Transaction Amount: $9,700,000
  • Address: 747 Belden Avenue, Norwalk, CT
  • Market: Norwalk, CT

The successful sale of Belden Sq. was facilitated by Brad Balletto, Rich Edwards, and Jeff Wright from Northeast Private Client Group (NEPCG) as the brokers involved in the deal.

Players

Jeff Wright

NorthEast Private Client Group

Broker

$138.9M

vol

30 deals

Broker

Norwalk 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

1.64%

Cash-on-Cash

-0.47%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93