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114 Elizabeth St West Haven...

Updated Sep 9, 2024

Lakeshore Realty Acquires Multifamily Property In West Haven, CT For $7.7M
SOLDMultiFamily

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

Alban Dedvukaj

LSR-Lakeshore Realty

Broker

$42M

vol

12 deals

Broker

West Haven MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $120 per square foot on a published $7.7M for 63,708 square feet (2023).

Visit Nick Selca to view all their deals.

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

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