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].
Norwalk 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
12.20%
Cash-on-Cash
-3.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93