Updated Oct 29, 2024
Colony Hills Capital Acquires Multifamily Property In Trumbull, CT For $101.1M
Avalon Gates
$101,100,000
$266/SF
Building Size
379,282 SF
Asset Type
MultiFamily
Closing
Dec 12, 2022
About this deal
AI
A multifamily property located at 100 Avalon Gates in Trumbull, CT has been sold in a transaction. The property spans a total of 379,282 square feet, with a price per square foot of $267. The sale took place on 12/12/2022, and the buyer of the property is Colony Hills Capital.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $101,100,000
- Address: 100 Avalon Gates, Trumbull, CT
- Market: Trumbull, CT
Congratulations to Colony Hills Capital for successfully closing "The Royce at Trumbull". Colony Hills Capital raised $7,345,000 on the RealtyMogul Platform to facilitate this transaction.
Players
Connecticut MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.16%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93