Kempner Properties Acquires Retail Property In New Canaan For $2M
SOLD
$2,000,000
Connecticut
See Similar DealsRetail3,180 SF
Sold 01/25/2023
SOLD
Kempner Properties Acquires Retail Property In New Canaan For $2M
4 Cherry Street
See Similar DealsRetail3,180 SF
Sold 01/25/2023
Summary
CONNECTICUT
Asset Type:Retail
Price Per Square Foot:$628
Total Square Footage:3,180 SF
Transaction Type:Sale
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
BUYER
BUYER
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$106,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,105.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,481.02
Annual Debt Service$113,772.24
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