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25 Flint Street

Friends Center For Children Acquires Special Purpose Property On Flint Street In New Haven For $1.3M
SOLDSpecial Purpose

Friends Center For Children Acquires Special Purpose Property On Flint Street In New Haven For $1.3M

25 Flint Street

$1,300,000

$149/SF

Building Size

8,680 SF

Asset Type

Special Purpose

Closing

Aug 8, 2022

AI

The special purpose property located at 25 Flint Street in New Haven, CT was recently sold. The transaction took place on August 8, 2022, and the buyer of the property was Friends Center for Children. The seller in this deal was Soffer & Associates. Richard P. Ballou from Houlihan Lawrence represented the buyer as the broker in this transaction.

Summary of transaction details

  • Property Type: Special Purpose
  • Sale Price: $1,300,000
  • Square Footage: 8,680
  • Price per Square Foot: $150
  • Address: 25 Flint Street, New Haven, CT
  • Market: New Haven, CT

This transaction involved the sale of a special purpose property with a total square footage of 8,680 and a sale price of $1,300,000. The property is located at 25 Flint Street in New Haven, CT, and was sold to Friends Center for Children. Soffer & Associates acted as the seller in this deal. Richard P. Ballou from Houlihan Lawrence represented Friends Center for Children as their broker.

Players

Richard P. Ballou

Houlihan Lawrence

Broker

$1.3M

vol

1 deal

Broker

New Haven Special Purpose Market Snapshot

Boundary boundary · Special Purpose · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

12.20%

Cash-on-Cash

-3.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93