Updated Oct 29, 2024
Broadway Elm LLC Acquires Multifamily Property In New Haven, CT With $25.4M Loan From Greystone
104 Howe Street, New Haven, Connecticut 06511, United States
$25,449,000
Units
145
Asset Type
MultiFamily
Closing
May 12, 2022
About this deal
AI
Avrom Forman and Rob Meehan have secured financing for a multifamily property located at 104 Howe St in New Haven, CT. The property consists of 145 units and was acquired by Broadway Elm LLC, represented by Jacob Feldman. The loan was provided by Greystone, with Rob Meehan and Avrom Forman acting as the lenders' representatives.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $25,449,000
- Address: 104 Howe St, New Haven, CT
- Market: New Haven, CT
- Units: 145
This loan transaction marks an acquisition financing deal. The involvement of Avrom Forman and Rob Meehan from Greystone, along with Jacob Feldman representing Broadway Elm LLC, highlights the key individuals and companies behind the deal. It demonstrates their role in securing the loan for the acquisition of the multifamily property at 104 Howe St.
Players
New Haven MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.62%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93