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NorthEast Private Client Group Facilitates $3.75M Sale Of School In Hartford, CT

Property Image
SOLD
$3,750,000

Connecticut

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Other117,082 SF
Sold 07/25/2020
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Property Image
SOLD

NorthEast Private Client Group Facilitates $3.75M Sale Of School In Hartford, CT

20 Clifford Street, Hartford, CT, USA

See Similar Deals
Other117,082 SF
Sold 07/25/2020
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Summary

CONNECTICUT
Asset Type:Other
Price Per Square Foot:$32
Total Square Footage:117,082 SF
Transaction Type:Sale

Located in Hartford, CT, the property at 20 Clifford Street & 11 Charter Oak Place recently changed hands in a sale transaction. The asset type of this property is a school, spanning a total of 117,082 square feet. The deal was facilitated by brokers Taylor Perun and Alex Burr of NorthEast Private Client Group. The sale price for this property was recorded at $3,750,000, resulting in a price per square foot of $32. The property comprises 100 units, with an average price per unit of $37,500. Additionally, the property sits on 3.72 acres, valuing each acre at approximately $1,008,064.

Summary of transation details

  • Property Type: School
  • Transaction Amount: $3,750,000
  • Address: 20 Clifford Street & 11 Charter Oak Place, Hartford, CT
  • Market: Hartford, CT
  • Square Footage: 117,082
  • Price per Square Foot: $32
  • Units: 100
  • Price per Unit: $37,500
  • Acres: 3.72
  • Price per Acre: $1,008,064

In this deal, Taylor Perun and Alex Burr from NorthEast Private Client Group played the role of brokers, representing the parties involved in the transaction. The sale of this school property marks a significant milestone in the real estate market of Hartford, CT.

Players

Taylor Perun
16 deals$162.5M volume
BROKER

Alex Burr
NorthEast Private Client Group
6 deals$92.3M volume
BROKER

Details

SOLD
IMAGE: Alex Burr & Taylor Perun DATE: 07/25/2021 ADDRESS: 20 Clifford Street & 11 Charter Oak Place MARKET: Hartford, CT ASSET TYPE: School BROKERS: Taylor Perun & Alex Burr - NorthEast Private Client Group SALE PRICE: $3,750,000 SF: 117,082 ~ PPSF: $32 UNITS: 100 ~ PPU: $37,500 ACRES: 3.72 ~ PPA: $1,008,064

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$199,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$13,322.96
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,776.91
Annual Debt Service$213,322.96