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26 Main St

Updated Nov 15, 2023

New York Real Estate Investment Company Acquires Fully-Leased Retail Building In Westport, CT For $2.05M
SOLDRetail

New York Real Estate Investment Company Acquires Fully-Leased Retail Building In Westport, CT For $2.05M

26 Main St

$2,050,000

$630/SF

Building Size

3,254 SF

Asset Type

Retail

Closing

Apr 28, 2023

About this deal

AI

The fully-leased retail property located at 26 Main St in Westport, CT has been sold for $2.05 million. The building spans 3,254 square feet and has a price per square foot of $630. This transaction was finalized by Franco Fellah - HK Group, who represented a New York real estate investment company in the sale. The property is currently occupied by American Eagle Outfitters.

Summary of transaction details

  • Property Type: Retail
  • Sale Price: $2,050,000
  • Square Footage: 3,254
  • Price per Square Foot: $630
  • Address: 26 Main St, Westport, CT
  • Market: Westport, CT
  • Broker: Franco Fellah - HK Group

HK Group's executive VP, Franco Fellah, played a crucial role in finalizing this sale. By successfully representing the New York real estate investment company, Fellah ensured a smooth transaction for both parties involved. The fully-leased building provided a promising investment opportunity, and the buyer recognized its potential value in the Westport market.

Players

Franco Fellah

Broker

$21.8M

vol

3 deals

Broker

Killarney Vale Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Deal FAQ

About $630 per square foot on a published $2.1M for 3,254 square feet (2023).

Visit Franco Fellah to view all their deals.

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.74%

Cash-on-Cash

-2.21%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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