Luria Family 2, LLC Acquires Retail Property On Bridgeport Ave In Milford, CT For $1.05M
773 Bridgeport Avenue, Milford, Connecticut 06460, United States
$1,050,000
$218/SF
Building Size
4,800 SF
Asset Type
Retail
Closing
May 19, 2022
AI
A retail property located at 773 Bridgeport Ave in Milford, CT, was recently sold for a price of $1,050,000. The property spans approximately 4,800 square feet, resulting in a price per square foot of $219. The transaction took place on May 20, 2022.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $1,050,000
- Address: 773 Bridgeport Ave, Milford, CT
- Market: Milford, CT
- Square Footage: 4,800
- Price per Square Foot: $219
The buyer of the property was Luria Family 2, LLC, while the sellers were Joshua & Julie Luria. The transaction was facilitated by Michael Richetelli from Colonial Properties, Inc.
Players
Milford 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
15.11%
Cash-on-Cash
-4.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93