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
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