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Yossi Hollander Acquires Mixed-Use Properties In Hartford For $8.75M From Seller Representation From Moshe Wolcowitz, Moshe Follman, & Yossi Follman

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SOLD
$8,750,000

Connecticut

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Mixed-use
Sold 06/30/2022
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Property Image
SOLD

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

See Similar Deals
Mixed-use
Sold 06/30/2022
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Summary

CONNECTICUT
Asset Type:Mixed-use
Transaction Type:Sale

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

Timothy "Tim" Hines
4 deals$13.3M volume
BROKER

Broadview Funding
LENDER

Details

SOLD
IMAGE: Moshe Follman, Moshe Wolcowitz, Yossi Follman & Judy Minster DATE: 06/30/2022 ADDRESS: 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., & 1860 Main St. MARKET: Hartford, CT ASSET TYPE: Mixed-use SELLER: Moshe Wolcowitz (@MosheWolcowitz), Moshe Follman & Yossi Follman BUYER: Yossi Hollander BROKER: Tim Hines - Horvath & Trembly LENDER: Broadview Funding (@BroadviewFunding) PROPERTY MANAGER: Joyland Management  (@JoylandManagement) SALE PRICE: $8,750,000

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$466,666.68

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$31,086.89
Cash-on-Cash Return-1.27%
Monthly Debt Service$41,479.46
Annual Debt Service$497,753.57