Yoso Properties Acquires Mixed-Use Properties From The Piccirillo Family In Stratford, CT For $1,600,000
1874 Barnum Avenue & 2336 Barnum Avenue
$1,600,000
$51/SF
Building Size
31,000 SF
Asset Type
MultiFamily
Closing
Mar 28, 2024
AI
The mixed-use properties located at 2336 and 1874 Barnum Avenue in Stratford, CT were recently sold for $1,600,000. These properties comprise a total of 16 units with 15,500 square feet, resulting in a price per unit of $100,000 and a price per square foot of $103.
Summary of transaction details:
- Property Type: Mixed-Use
- Transaction Amount: $1,600,000
- Address: 1874 Barnum Avenue & 2336 Barnum Avenue
- Market: Stratford, CT
- Units: 16
- Seller: The Piccirillo Family
- Buyer: Yoso Properties
- Brokers: Daniel Shawah & George Shawah - Baldwin Pearson & Co, Inc.
Baldwin Pearson & Co, Inc., a family-owned commercial real estate brokerage with over 70 years of experience in the State of CT, facilitated the sale of the two mixed-use properties in Stratford. For more information on current market opportunities, interested parties can contact Daniel at 203-521-6348 or [email protected].
Players
Stratford MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.91%
Cash-on-Cash
-2.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93