facebook
Traded Co logo
Submit

Jonathan Zarka Acquires Norwalk Multifamily For $1.3M From Seller Marcia Jordan

Property Image
SOLD
$1,300,000

Connecticut

See Similar Deals
MultiFamily9,446 SF
Sold 12/06/2021
the dealplayerscompscontact
Property Image
SOLD

Jonathan Zarka Acquires Norwalk Multifamily For $1.3M From Seller Marcia Jordan

107 South Main Street, Norwalk, Connecticut 06854, United States

See Similar Deals
MultiFamily9,446 SF
Sold 12/06/2021
Contact now

Summary

CONNECTICUT
Asset Type:MultiFamily
Price Per Square Foot:$137
Total Square Footage:9,446 SF
Transaction Type:Sale

Located in Norwalk, the multifamily property at 107 S. Main Street has been sold in a recent transaction. The property spans 9,446 square feet and consists of 16 units. The sale price for this asset was $1,300,000, resulting in a price per unit of $81,250 and a price per square foot of $137.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,300,000
  • Address: 107 S. Main Street
  • Market: Norwalk
  • Units: 16
  • Price per Unit: $81,250
  • Square Footage: 9,446
  • Price per Square Foot: $137

In this transaction, the buyer, Jonathan Zarka, purchased the property from the seller, Marcia Jordan. It is worth noting that Lightrock Management/Capital, represented by Jonathan Zarka, is actively seeking multifamily properties in NJ and CT within the price range of $500,000 to $30,000,000. For any properties fitting this criteria, interested parties can reach out to Jonathan at [email protected].

Players

7 deals$8.9M volume
BUYER

Details

SOLD
IMAGE: Jonathan Zarka DATE: 12/06/2021 ADDRESS: 107 S. Main Street MARKET: Norwalk ASSET TYPE: Multifamily BUYER: Jonathan Zarka (@Jonathan_Zarka) SELLER: Marcia Jordan SALE PRICE: $1,300,000 UNITS: 16 ~ PPU: $81,250 SF: 9,446 ~ PPSF: $137 NOTE: Lightrock Management/Capital is actively looking to acquire multifamily between $500k - $30m in NJ and CT. Please reach out to Jonathan at [email protected] with any properties that fit this criteria.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$69,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,618.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,162.66
Annual Debt Service$73,951.96