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Horvath & Tremblay Facilitates $6M Sale Of 12.4-Acre Land In North Haven, CT

Property Image
SOLD
$6,000,000
Frank Hird
Robert (Bob) Horvath

Manitoba

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Land
Sold 07/21/2023
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Property Image
SOLD

Horvath & Tremblay Facilitates $6M Sale Of 12.4-Acre Land In North Haven, CT

405 Washington Avenue & 413-425 Washington Avenue

See Similar Deals
Land
Sold 07/21/2023
Frank Hird
Robert (Bob) Horvath
the dealplayerscompscontact
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Summary

Asset Type:Land
Transaction Type:Sale

A 12.4-acre land located at 405 Washington Avenue & 413-425 Washington Avenue in North Haven, CT has been sold for a price of $6,000,000. The sale was facilitated by Frank Hird of O,R&L Commercial, who represented the seller, CRA NH LLC, an affiliate of Rabina Properties. The buyer, LGID NY LLC, was represented by Robert Horvath of Horvath & Tremblay.

Summary of transaction details

  • Property Type: Land
  • Transaction Amount: $6,000,000
  • Address: 405 Washington Avenue & 413-425 Washington Avenue, North Haven, CT
  • Market: North Haven, CT
  • Buyer's Representative: Robert Horvath - Horvath & Tremblay
  • Seller's Representative: Frank Hird - O,R&L Commercial

Frank Hird of O,R&L Commercial has successfully completed two land sales on Washington Ave in North Haven, CT. In this particular transaction, he represented the seller, CRA NH LLC, while the buyer, LGID NY LLC, was represented by Robert Horvath of Horvath & Tremblay.

Players

Robert (Bob) Horvath
Horvath & Tremblay
Robert Horvath
112 deals$556.4M volume
BROKER
Frank Hird
O,R&L Commercial
Frank Hird
5 deals$15.8M volume
BROKER

Details

SOLD
IMAGE: Robert Horvath & Frank Hird DATE: 07/21/2023 ADDRESS: 405 Washington Avenue & 413-425 Washington Avenue MARKET: North Haven, CT ASSET TYPE: Land ~ ACRES: 12.4 BUYER'S REP: Robert Horvath - Horvath & Tremblay SELLER'S REP: Frank Hird - O,R&L Commercial SALE PRICE: $6,000,000 NOTE: Frank Hird of O,R&L Commercial has completed two land sales on Washington Ave in North Haven, CT. Hird represented the seller, CRA NH LLC, an affiliate of Rabina Properties, while the buyer, LGID NY LLC, was represented by Robert Horvath of Horvath & Tremblay.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$319,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$21,316.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$28,443.06
Annual Debt Service$341,316.73