SRS Real Estate Partners Sells Retail Property On Water Street In New Haven For $4.3M
137 Water Street, New Haven, Connecticut 06511, United States
$4,300,000
$295/SF
Building Size
14,550 SF
Asset Type
Retail
Closing
Feb 6, 2022
AI
The retail property located at 137 Water Street in New Haven, CT was recently sold in a transaction facilitated by Danny Griffin and Eric Suffoletto of SRS Real Estate Partners. The sale price for the property was $4,300,000, with a total area of 14,550 square feet. This translates to a price per square foot of $296.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,300,000
- Address: 137 Water Street, New Haven CT
- Market: New Haven CT
- Broker: Danny Griffin & Eric Suffoletto - SRS Real Estate Partners
- Square Footage: 14,550
- Price per Square Foot: $296
The involvement of Danny Griffin and Eric Suffoletto from SRS Real Estate Partners was crucial in facilitating this transaction. They represented the parties involved in the deal and played a significant role in its successful completion.
Players
New Haven 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
3.69%
Cash-on-Cash
-1.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93