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101 Whiting Street

Chozick Realty Sells The Mill At Still River Retail Asset In Winsted For $4M
SOLDRetail

Chozick Realty Sells The Mill At Still River Retail Asset In Winsted For $4M

101 Whiting Street

$4,000,000

Building Size

Asset Type

Retail

Closing

Mar 12, 2024

AI

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.

Players

Steve Pappas

Chozick Realty

Broker

$82.3M

vol

11 deals

Broker

Winsted Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.97%

Cash-on-Cash

-1.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93