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962-964 Chapel St Retail Property In New Haven, CT Sells For $2.8M

Property Image
SOLD
$2,800,000

Connecticut

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Retail11,111 SF
Sold
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Property Image
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 Deals
Retail11,111 SF
Sold
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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.

Players

Stephen Press
8 deals$14.7M volume
BROKER

Details

SOLD
IMAGE: Stephen Press DATE: 02/04/2022 ADDRESS: 962-964 Chapel St MARKET: New Haven, CT ASSET TYPE: Retail BUYER: 962-964 Chapel Street, LLC - Alexander Clark SELLER: George Zdru BROKER: Stephen Press - Press/Cuozzo Realtors SALE PRICE: $2,800,000 SF: 11,111 ~ PPSF: $252

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Deal Type
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