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1874 Barnum Avenue

Yoso Properties Acquires Mixed-Use Properties From The Piccirillo Family In Stratford, CT For $1,600,000
SOLDMultiFamily

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

Daniel Shawah

Baldwin Pearson & Co

Broker

$103.9M

vol

33 deals

Broker

Stratford MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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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