Updated Oct 28, 2024
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
$4,100,000
Building Size
—
Asset Type
Other
Closing
Jan 6, 2022
About this deal
AI
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.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.87%
Cash-on-Cash
-1.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93