Updated Oct 28, 2024
Vinayaka Realty LLC Acquires Retail Property In Stamford, CT For $46M
1937 West Main Street, Stamford, Connecticut 06902, United States
$46,000,000
$554/SF
Building Size
83,000 SF
Asset Type
Retail
Closing
May 4, 2022
About this deal
AI
The retail property located at 1937 W. Main St in Stamford, CT has been sold in a transaction that took place on 05/05/2022. The property spans across 83,000 square feet and was sold for a total price of $46,000,000, resulting in a price per square foot of $554.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $46,000,000
- Address: 1937 W. Main St, Stamford, CT
- Market: Stamford, CT
- Buyer: Vinayaka Realty LLC
- Seller: NWDF Owner LLC
- Square Footage: 83,000
- Price per Square Foot: $554
Vinayaka Realty LLC acted as the buyer in the transaction, while NWDF Owner LLC was the seller. The sale of this retail property represents a significant investment opportunity in the Stamford market for Vinayaka Realty LLC, showcasing their commitment to expanding their portfolio in the area.
Players
Stamford 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
0.34%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93