Updated Sep 9, 2024
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
About this deal
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