Updated Dec 19, 2023
Amodio & Co. Acquires Office Building In New Britain, CT For $2.5M
480 Myrtle Street, New Britain, Connecticut 06053, United States
$2,500,000
$20/SF
Building Size
125,083 SF
Asset Type
Office
Closing
Feb 17, 2022
About this deal
AI
An office property located at 480 Myrtle St in New Britain, CT was recently sold for a transaction price of $2,500,000. The property covers an area of 125,083 square feet, resulting in a price per square foot of $20. The sale of this office asset was facilitated by Frank Amodio, CCIM & Eric Amodio, CCIM from Amodio & Co.
Summary of transation details
- Property Type: Office
- Transaction Amount: $2,500,000
- Date: 02/18/2022
- Address: 480 Myrtle St
- Market: New Britain, CT
- Brokers: Frank Amodio, CCIM & Eric Amodio, CCIM - Amodio & Co.
- Size: 125,083 square feet
- Price Per Square Foot: $20
The sale of the office property at 480 Myrtle St was successfully executed with the assistance of Frank Amodio, CCIM & Eric Amodio, CCIM of Amodio & Co. Their expertise and representation played a significant role in completing the transaction.
Players
New Britain 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
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93