6 N Water St
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6 N Water St
2,254 SF 100% Leased Retail Building Greenwich, CT 06830 $2,497,500 ($1,108/SF) 4.41% Cap Rate
Executive Summary
Prime commercial building in downtown Byram, brooklyn-like area of Greenwich. Currently a lucrative laundry business with a general laundry and area and a separate wash and fold. The lower level is more storage with a separate access. Plans available for an updated and expanded retail space and two 1 bedroom luxury residential rentals. Unique opportunity in a developing and appreciating area of Greenwich.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$123,600
|
$54.84
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$123,600
|
$54.84
|
| Taxes |
$9,121
|
$4.05
|
| Operating Expenses |
$4,400
|
$1.95
|
| Total Expenses |
$13,521
|
$6.00
|
| Net Operating Income |
$110,079
|
$48.84
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $123,600 |
| Annual Per SF | $54.84 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $123,600 |
| Annual Per SF | $54.84 |
| Taxes | |
|---|---|
| Annual | $9,121 |
| Annual Per SF | $4.05 |
| Operating Expenses | |
|---|---|
| Annual | $4,400 |
| Annual Per SF | $1.95 |
| Total Expenses | |
|---|---|
| Annual | $13,521 |
| Annual Per SF | $6.00 |
| Net Operating Income | |
|---|---|
| Annual | $110,079 |
| Annual Per SF | $48.84 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,254 SF
Building Class
B
Year Built/Renovated
1920/2003
Price
$2,497,500
Price Per SF
$1,108
Cap Rate
4.41%
NOI
$110,079
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.45
Land Acres
0.11 AC
Zoning
LBR-2
Parking
7 Spaces (3.11 Spaces per 1,000 SF Leased)
Frontage
117 FT on N Water St
Walk Score ®
Walker's Paradise (91)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | GREE-000004-000000-001483-S000000 | Total Assessment | $764,120 |
| Land Assessment | $218,750 | Annual Taxes | $9,121 ($4.05/SF) |
| Improvements Assessment | $545,370 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
GREE-000004-000000-001483-S000000
Land Assessment
$218,750
Improvements Assessment
$545,370
Total Assessment
$764,120
Annual Taxes
$9,121 ($4.05/SF)
Tax Year
2024
-
Mike Parelli -
Mike Parelli Real Estate LLC
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