Horvath & Tremblay Facilitates $6M Sale Of 12.4-Acre Land In North Haven, CT
405 Washington Avenue & 413-425 Washington Avenue
$6,000,000
Building Size
—
Asset Type
Land
Closing
Jul 21, 2023
AI
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
Winnipeg Land Market Snapshot
Boundary boundary · Land · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93