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113-115 Park Avenue, Danbur...

Northeast Private Client Group Sells Multifamily Property In Danbury, CT For $3.55M
SOLDMultiFamily

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

Robert Paterno

NorthEast Private Client Group

Broker

$125.1M

vol

24 deals

Broker

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