Updated Oct 28, 2024
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
$1,550,000
Building Size
—
Asset Type
Office
Closing
Jan 27, 2022
About this deal
AI
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.
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
10.23%
Cash-on-Cash
-2.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93