Updated Sep 9, 2024
Lakeshore Realty Acquires Multifamily Property In West Haven, CT For $7.7M
114 Elizabeth St West Haven, CT 06516, USA
$7,700,000
$120/SF
Building Size
63,708 SF
Asset Type
MultiFamily
Closing
Aug 15, 2023
About this deal
AI
A multifamily property located at 114-118 Elizabeth St in West Haven, CT has been sold for a price of $7,700,000. The property consists of 66 units with an average price per unit of $116,667. It spans across a total area of 63,708 square feet, resulting in a price per square foot of $121.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $7,700,000
- Units: 66
- Price per Unit: $116,667
- Square Footage: 63,708
- Price per Square Foot: $121
- Address: 114-118 Elizabeth St, West Haven, CT
- Market: West Haven, CT
The sale was facilitated by Lakeshore Realty, with brokers Nick Selca and Alban Dedvukaj representing both the seller and the buyer. This transaction was conducted off-market, demonstrating the expertise and network of Lakeshore Realty in the NY, CT, and MA markets. For more off-market opportunities in these areas, interested parties can contact Nick Selca at 203.449.9347 or Alban Dedvukaj at 480.266.7720.
Players
West Haven 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
2.06%
Cash-on-Cash
-0.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93