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137 Water Street, New Haven...

SRS Real Estate Partners Sells Retail Property On Water Street In New Haven For $4.3M
SOLDRetail

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

Eric Suffoletto

Atlantic Retail

Broker

$92M

vol

15 deals

Broker

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