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Colony Hills Acquires Multifamily Property In Trumbull, CT For $101.1M

Property Image
SOLD
$101,100,000

Connecticut

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MultiFamily389,047 SF
Sold 08/15/2022
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Property Image
SOLD

Colony Hills Acquires Multifamily Property In Trumbull, CT For $101.1M

100 Avalon Gates, Trumbull, CT 06611

See Similar Deals
MultiFamily389,047 SF
Sold 08/15/2022
the dealplayerscompscontact
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Summary

CONNECTICUT
Asset Type:MultiFamily
Price Per Square Foot:$259
Total Square Footage:389,047 SF
Transaction Type:Sale

An multifamily property located at 100 Avalon Gates in Trumbull, CT has been sold for $101,100,000. The property consists of 339 units with an average price per unit of $298,230. The total square footage of the property is 389,047, resulting in a price per square foot of $259.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $101,100,000
  • Units: 339
  • Price per Unit: $298,230
  • Square Footage: 389,047
  • Price per Square Foot: $259

The buyer in the transaction is Colony Hills, while the sellers are SYM Investments and Skywood Properties. The deal was facilitated by Jonathan Brody from Rosewood Realty Group, representing the parties involved.

Players

Jonathan Brody
Base Realty Group
Jonathan Brody
48 deals$1.7B volume(516) 507-0193
BROKER
Rosewood Realty Group
Rosewood Realty Group
BROKERAGE
CH
Colony Hills
BUYER
SI
SYM Investments
SELLER
SP
Skywood Properties
SELLER

Details

SOLD
IMAGE: Jonathan Brody DATE: 08/15/2022 ADDRESS: 100 Avalon Gates MARKET: Trumbull, CT ASSET TYPE: Multifamily BUYER: Colony Hills SELLER: SYM Investments (@SYMInvestments) & Skywood Properties BROKER: Jonathan Brody (@JonathanJBrody) - Rosewood Realty Group (@RosewoodRealtyGroup) SALE PRICE: $101,100,000 UNITS: 339 ~ PPU: $298,230 SF: 389,047 ~ PPSF: $259

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

$5,392,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$359,186.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$479,265.58
Annual Debt Service$5,751,186.95