Updated Oct 28, 2024
Hoffco State Street LLC Acquires Office Property In New Haven, CT For $3.7M
264 State Street, New Haven, Connecticut 06510, United States
$3,700,000
$284/SF
Building Size
12,987 SF
Asset Type
Office
Closing
Mar 6, 2022
About this deal
AI
The office property located at 262-264 State St in New Haven, CT has been sold in a recent transaction. The property spans an area of 3.43 acres, offering ample space for various business operations. The sale took place on 03/07/2022.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $3,700,000
- Square Footage: 12,987
- Price per Square Foot: $285
- Address: 262-264 State St, New Haven, CT
- Market: New Haven, CT
Hoffco State Street LLC, represented by Kyle Hoffman, Erika Hoffman, and James Hoffman, acted as the buyer in this transaction. On the other hand, R P M Ventures LLC represented by Mary Beth Pantalena served as the seller. The buyer and seller successfully agreed on a sale price of $3,700,000, with the property's size measuring 12,987 square feet and a price per square foot of $285.
Players
New Haven Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.29%
Cash-on-Cash
-1.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93