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Hollandersky 153 Bank St 13,436 SF 100% Leased Retail Building New London, CT 06320 $2,450,000 ($182.35/SF) 4.78% Cap Rate
Executive Summary
Mixed Use Property with 4 commercial units and 6 apartments located in the heart of downtown New London.
This 17,378 SF, 3 story building has 4 commercial units in 3,942 SF on the ground level SF commercial and 6 apartments on the 7,884 SF second and third floors. There is a 3,942 SF basement.
NOI approximately $117,227. Two of the commercial units are recently vacant so there is room to increase NOI. Call office for financials.
Excellent investment property with stable cash flow. Property may be purchased as a package with 53 Bank St and 147 Bank Street for a total of 6 commercial units and 17 Apartments.
This 17,378 SF, 3 story building has 4 commercial units in 3,942 SF on the ground level SF commercial and 6 apartments on the 7,884 SF second and third floors. There is a 3,942 SF basement.
NOI approximately $117,227. Two of the commercial units are recently vacant so there is room to increase NOI. Call office for financials.
Excellent investment property with stable cash flow. Property may be purchased as a package with 53 Bank St and 147 Bank Street for a total of 6 commercial units and 17 Apartments.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
13,436 SF
Building Class
B
Year Built
1925
Price
$2,450,000
Price Per SF
$182.35
Cap Rate
4.78%
NOI
$117,227
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Slab To Slab
13’
Building FAR
1.71
Lot Size
0.18 AC
Opportunity Zone
Yes
Zoning
CBD - Central Business District
Frontage
61’ on Bank St
Amenities
- Bus Line
Walk Score®
Walker's Paradise (91)
Property Taxes
| Parcel Number | NLON-000028-000140-000016 | Improvements Assessment | $521,500 |
| Land Assessment | $105,900 | Total Assessment | $627,400 |
Property Taxes
Parcel Number
NLON-000028-000140-000016
Land Assessment
$105,900
Improvements Assessment
$521,500
Total Assessment
$627,400
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Hollandersky | 153 Bank St
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