Matt Nolan Represents Buyer In $1.525M New Haven Office Sale
27 Elm Street
$1,525,000
$137/SF
Building Size
11,119 SF
Asset Type
Office
Closing
Jun 21, 2024
AI
The property at 27 Elm Street, New Haven, CT, was sold for $1.525 million. The office building spans 11,119 square feet on 0.31 acres and is ideally located near the New Haven County Courthouse, Yale University, and major transportation centers, making it a sought-after office space.
Summary of transation details:
- Property Type: Office
- Transaction Amount: $1,525,000
- Address: 27 Elm Street, New Haven, CT
- Market: New Haven, CT
- Square Footage: 11,119
- Price per Square Foot: $137
- Seller: 27 Elm Street, LLC
- Buyer's Representative: Matt Nolan
- Seller's Representative: Brett Sherman - Angel Commercial
Angel Commercial, LLC assisted in facilitating the transaction of 27 Elm Street, a historic three-story office building in New Haven, for $1.525 million. Matt Nolan represented the buyer, while Brett Sherman, from Angel Commercial, represented the seller, 27 Elm Street, LLC.
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
10.40%
Cash-on-Cash
-2.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93