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20 Clifford Street, Hartfor...

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

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

20 Clifford Street, Hartford, CT, USA

$3,750,000

$32/SF

Building Size

117,082 SF

Asset Type

Other

Closing

Jul 25, 2020

AI

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

NorthEast Private Client Group

Broker

$162.5M

vol

16 deals

Broker

Hartford Other Market Snapshot

Boundary boundary · Other · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.23%

Cash-on-Cash

-1.21%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93