962-964 Chapel St Retail Property In New Haven, CT Sells For $2.8M
SOLD
$2,800,000
Connecticut
See Similar DealsRetail11,111 SF
Sold
SOLD
962-964 Chapel St Retail Property In New Haven, CT Sells For $2.8M
962 Chapel St, New Haven, Connecticut 06510, United States
See Similar DealsRetail11,111 SF
Sold
Summary
CONNECTICUT
Asset Type:Retail
Price Per Square Foot:$252
Total Square Footage:11111 SF
Transaction Type:Sale
Located at 962-964 Chapel St in New Haven, CT, this retail property was recently sold in a closed transaction. The transaction took place on 02/04/2022 and was captured in an image by Stephen Press.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,800,000
- Square Footage: 11,111
- Price Per Square Foot: $252
- Address: 962-964 Chapel St, New Haven, CT
- Market: New Haven, CT
The buyer in this transaction was 962-964 Chapel Street, LLC represented by Alexander Clark. The seller was George Zdru. Stephen Press of Press/Cuozzo Realtors acted as the broker in the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$149,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,947.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,273.43
Annual Debt Service$159,281.14
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