NorthEast Private Client Group Sells Willow Park Apartments Multifamily For $5.2M
113-115 Park Avenue
$5,200,000
Building Size
—
Asset Type
MultiFamily
Closing
May 13, 2024
AI
Willow Park Apartments is a 21-unit multifamily complex located at 113-115 Park Avenue in Danbury, CT. The property was sold for $5,200,000, equating to a price per unit of $247,619. Each unit within the complex consists of one bedroom and spans 575 square feet.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5,200,000
- Address: 113-115 Park Avenue
- Market: Danbury, CT
- Units: 21
- Brokers: Jeff Wright & Richard Edwards - NorthEast Private Client Group
Jeff Wright and Rich Edwards of NorthEast Private Client Group played vital roles in the transaction, representing both the undisclosed seller and buyer. Northeast Private Client Group (NEPCG) facilitated the deal, ensuring a successful transaction for Willow Park Apartments in Danbury, Connecticut.
Players
Danbury 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
3.05%
Cash-on-Cash
-0.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93