Yossi Hollander Acquires Mixed-Use Properties In Hartford For $8.75M From Seller Representation From Moshe Wolcowitz, Moshe Follman, & Yossi Follman
9 Wyllys Street, Hartford, Connecticut 06106, United States
$8,750,000
Building Size
—
Asset Type
Mixed-use
Closing
Jun 29, 2022
AI
The recently closed property transaction in Hartford, CT involved a mixed-use asset located at 9 Wyllys St., 88 Brook St., 90 Brook St., 92 Brook St., 94 Brook St., 96 Brook St., 98 Brook St., 100 Brook St., 102 Brook St., 110 Brook St., 240 Cleveland Ave., 404 Barbour St., 406 Barbour St., 408 Barbour St., 410 Barbour St., 412 Barbour St., 414 Barbour St., 442 Barbour St., 1846 Main St., and 1860 Main St.
Summary of Transaction Details
- Property Type: Mixed-use
- Transaction Amount: $8,750,000
The sellers in this transaction were Moshe Wolcowitz, Moshe Follman, and Yossi Follman. The buyer was Yossi Hollander. Representing the buyer in the deal was Tim Hines from Horvath & Trembly. The lender involved in the transaction was Broadview Funding. Joyland Management was assigned as the property manager.
Players
Glastonbury 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
1.81%
Cash-on-Cash
-0.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93