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Chozick Realty Sells The Mill At Still River Retail Asset In Winsted For $4M
SOLD
$4,000,000
Connecticut
See Similar DealsRetail
Sold 03/12/2024
SOLD
Chozick Realty Sells The Mill At Still River Retail Asset In Winsted For $4M
101 Whiting Street
See Similar DealsRetail
Sold 03/12/2024
Summary
CONNECTICUT
Asset Type:Retail
Transaction Type:Sale
The Mill at Still River, a historic 39-unit apartment building in Winsted, located at 101 Whiting Street, was sold for $4,000,000. The property is situated in the Winsted, CT market and was facilitated by Steve Pappas from Chozick Realty. The price per unit for this retail asset equated to $102,564.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,000,000
- Units: 39
- Price Per Unit: $102,564
- Address: 101 Whiting Street
- Market: Winsted, CT
- BROKER: Steve Pappas - Chozick Realty
Chozick Realty played a significant role in the sale of The Mill at Still River in Winsted. The transaction, led by Steve Pappas, involved brokering the deal for this notable 39-unit property, located approximately 25 miles northwest of Hartford.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$213,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,211.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,962.04
Annual Debt Service$227,544.49
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