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107 South Main Street, Norw...

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

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

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

$1,300,000

$137/SF

Building Size

9,446 SF

Asset Type

MultiFamily

Closing

Dec 6, 2021

AI

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

Jonathan Zarka

Lightrock Management

Buyer

$8.9M

vol

7 deals

Buyer

Norwalk 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

12.20%

Cash-on-Cash

-3.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93