Catalina Buffalo Holdings Acquires Fairfield Multifamily For $1.65M
100 Castle Avenue, Fairfield, Connecticut 06825, United States
$1,650,000
$148/SF
Building Size
11,081 SF
Asset Type
MultiFamily
Closing
Apr 18, 2022
AI
The multifamily property located at 100 Castle Ave in Fairfield, CT has been sold for $1,650,000. The transaction took place on 04/19/2022, and the property spans a total area of 11,081 square feet. The buyer of the property is Catalina Buffalo Holdings of Avon, while the seller is Yadda Development LLC. The deal was facilitated by brokers Jeff Wright and Rich Edwards from the Northeast Private Client Group.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,650,000
Jeff Wright and Rich Edwards, representing the Northeast Private Client Group, played a crucial role in the successful completion of the deal. Their expertise in the Fairfield market and their dedication to their clients ensured a smooth transaction for all parties involved.
Players
Fairfield 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
9.61%
Cash-on-Cash
-2.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93