Daily limit: 0/10
Northeast Private Client Group Sells Belden Sq. Mixed-Use Property In Norwalk, CT For $9.7M
SOLD
$9,700,000
Connecticut
See Similar DealsMixed-use
Sold 06/02/2023
SOLD
Northeast Private Client Group Sells Belden Sq. Mixed-Use Property In Norwalk, CT For $9.7M
747 Belden Avenue Norwalk, Connecticut 06850, USA
See Similar DealsMixed-use
Sold 06/02/2023
Summary
CONNECTICUT
Asset Type:Mixed-use
Transaction Type:Sale
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
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$517,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$34,462.07
Cash-on-Cash Return-1.27%
Monthly Debt Service$45,982.95
Annual Debt Service$551,795.38
Is there something missing? Send suggestions