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9 Wyllys Street, Hartford, ...

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

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

Timothy Hines

Horvath & Tremblay

Broker

$13.3M

vol

4 deals

Broker
Broadview Funding
Broadview FundingLender

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