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
Winsted Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
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