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968 Chapel Street, New Have...

Carlson Road Limited Partnership Acquires Retail Property In New Haven, CT For $2.79M
SOLDRetail

Carlson Road Limited Partnership Acquires Retail Property In New Haven, CT For $2.79M

968 Chapel Street, New Haven, Connecticut 06510, United States

$2,790,000

$306/SF

Building Size

9,100 SF

Asset Type

Retail

Closing

Oct 13, 2022

AI

968 Chapel St in New Haven, CT has been sold in a retail transaction for $2,790,000. The property spans 9,100 square feet, resulting in a price per square foot of $307.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $2,790,000
  • Address: 968 Chapel St, New Haven, CT

Carlson Road Limited Partnership is the buyer of the property, while General Asset Company LLC, with seller representative Robert Anastasio, facilitated the sale. H. Pearce Real Estate's Carl Russell represented the buyer, while Michael Richetelli from Colonial Properties of Orange represented the seller.

Players

Michael Richetelli

Broker

$31.5M

vol

7 deals

Broker

New Haven 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

5.69%

Cash-on-Cash

-1.62%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93