facebook

traded

+ Submit
Home

/

Deals

/

Connecticut

/

Multifamily

/

Sale

/

100 Broad Street

Horvath & Tremblay Orchestrates $1.485M Sale Of 14-unit Multifamily In New Britain, CT
SOLDMultiFamily

Horvath & Tremblay Orchestrates $1.485M Sale Of 14-unit Multifamily In New Britain, CT

100 Broad Street & 109 Grove Street

$1,485,000

Building Size

Asset Type

MultiFamily

Closing

Dec 15, 2023

AI

A multifamily property located at 100 Broad Street & 109 Grove Street in New Britain, CT has been sold in a closed transaction. The property consists of 14 units and was sold for a price of $1,485,000, which amounts to approximately $106,071 per unit.

Summary of transaction details:

Timothy Hines of Horvath & Tremblay played a crucial role in orchestrating the sale of the 14-unit multifamily property. He represented the seller in this transaction, which concluded at a sale price of $1.485 million.

Players

Timothy Hines

Horvath & Tremblay

Broker

$13.3M

vol

4 deals

Broker

New Britain MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

10.68%

Cash-on-Cash

-3.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93