The Feil Organization, Inc Acquires Office Property In Westport, CT For $16.5M
33 Riverside Avenue, Westport, Connecticut 06880, United States
$16,500,000
$388/SF
Building Size
42,432 SF
Asset Type
Office
Closing
Aug 28, 2022
AI
The office property located at 33 Riverside Avenue in Westport, CT has been sold in a transaction. The property spans a total of 42,432 square feet and was sold for a price of $16,500,000, resulting in a price per square foot of $389.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $16,500,000
- Address: 33 Riverside Avenue, Westport, CT
- Market: Westport, CT
The buyer of the property is The Feil Organization, Inc, while Abbey Road Riverside LLC acted as the seller. The sale was facilitated by brokers Jeffrey Dunne, Steven Bardsley, Jeremy Neuer, David Gavin, and Travis Langer from CBRE.
Players
Westport 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
0.96%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93