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100 Castle Avenue, Fairfiel...

Catalina Buffalo Holdings Acquires Fairfield Multifamily For $1.65M
SOLDMultiFamily

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

Jeff Wright

NorthEast Private Client Group

Broker

$138.9M

vol

30 deals

Broker

Fairfield MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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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