Northeast Private Client Group Sells Multifamily Property In Danbury, CT For $3.55M
113-115 Park Avenue, Danbury, CT, USA
$3,550,000
Building Size
—
Asset Type
MultiFamily
Closing
Apr 20, 2021
AI
A multifamily property located at 113-115 Park Ave in Danbury, CT has been sold for a price of $3,550,000. The transaction took place on 04/21/2021 and was facilitated by Bradley Balletto, Jeff Wright, Rich Edwards, Robert Paterno, and John Lockhart from Northeast Private Client Group. The property consists of 21 units, with an average price per unit of $169,047.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,550,000
- Address: 113-115 Park Ave, Danbury, CT
- Market: Danbury, CT
- Number of Units: 21
- Price Per Unit: $169,047
Bradley Balletto, Jeff Wright, Rich Edwards, Robert Paterno, and John Lockhart from Northeast Private Client Group were the brokers involved in the deal. They represented the parties in the transaction, ensuring a successful closing.
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
4.47%
Cash-on-Cash
-1.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93