Richard Coote Of The Wm. M. Hotchkiss Co Represents Seller In $4.1M Sale Of Medical Facility In New Haven, CT
SOLD
$4,100,000
Connecticut
See Similar DealsOther
Sold 01/07/2022
SOLD
Richard Coote Of The Wm. M. Hotchkiss Co Represents Seller In $4.1M Sale Of Medical Facility In New Haven, CT
221 Church St, New Haven, Connecticut 06510, United States
See Similar DealsOther
Sold 01/07/2022
Summary
CONNECTICUT
Asset Type:Other
Transaction Type:Sale
A medical facility located at 221 Church St. & 280 Orange St in New Haven, CT has been sold for a price of $4,100,000. The sale was completed on January 7, 2022. The property was sold by 221 Church St. LLC, represented by Charles Noble III. The transaction was facilitated by Richard Coote from The Wm. M. Hotchkiss Co.
Summary of transaction details
- Property Type: Medical Facility
- Transaction Amount: $4,100,000
- Date: January 7, 2022
- Address: 221 Church St. & 280 Orange St, New Haven, CT
- Market: New Haven, CT
Richard Coote from The Wm. M. Hotchkiss Co played a crucial role as the broker in this transaction. His expertise and negotiation skills contributed to the successful sale of the medical facility.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$218,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,566.44
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,436.09
Annual Debt Service$233,233.10
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