SOLDRetail
Kempner Properties Acquires Retail Property In New Canaan For $2M
4 Cherry Street
$2,000,000
$628/SF
Building Size
3,180 SF
Asset Type
Retail
Closing
Jan 25, 2023
AI
A retail property located at 4 Cherry Street in New Canaan, CT has been sold for $2,000,000. The property spans 3,180 square feet, resulting in a price per square foot of $629.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $2,000,000
- Address: 4 Cherry Street, New Canaan, CT
- Market: New Canaan, CT
- Size: 3,180 square feet
- Price Per Square Foot: $629
The buyer of the property is Kempner Properties, represented by David Firestein, Robert Kempner, Douglas Kempner, and Peter Kempner.
Players
Market Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93