Brown Street New Haven LLC Acquires Office & Parking Space In New Haven, CT For $1.55M
SOLD
$1,550,000
Connecticut
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Sold
SOLD
Brown Street New Haven LLC Acquires Office & Parking Space In New Haven, CT For $1.55M
99 Water Street, New Haven, Connecticut 06511, United States
See Similar DealsOffice
Sold
Summary
CONNECTICUT
Asset Type:Office
Transaction Type:Sale
The property involved in the transaction is an office space and parking space located at 99 Water St and 109-111 Water St in New Haven, CT. The sale took place on January 28, 2022.
Summary of transaction details:
- Property Type: Office & Parking Space
- Transaction Amount: $1,550,000
- Market: New Haven, CT
The buyer of the property is Brown Street New Haven LLC. The deal was facilitated by Stephen Press from Press/Cuozzo Commercial Services as the broker representing the buyer.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$82,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,506.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,347.79
Annual Debt Service$88,173.49
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