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27 Elm Street

Matt Nolan Represents Buyer In $1.525M New Haven Office Sale
SOLDOffice

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

Brett Sherman

Angel Commercial

Broker

$1.5M

vol

1 deal

Broker

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